SG Americas Securities LLC Acquires Shares of 5,225 Capital City Bank Group, Inc. (NASDAQ:CCBG)

SG Americas Securities LLC acquired a new position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 5,225 shares of the financial services provider’s stock, valued at approximately $184,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCBG. Lazard Asset Management LLC boosted its holdings in Capital City Bank Group by 22.3% in the first quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 662 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Capital City Bank Group by 6.5% in the 2nd quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock valued at $614,000 after buying an additional 1,316 shares in the last quarter. Isthmus Partners LLC grew its position in shares of Capital City Bank Group by 1.3% in the 2nd quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock valued at $31,000 after buying an additional 1,346 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in Capital City Bank Group by 16.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 10,710 shares of the financial services provider’s stock worth $297,000 after acquiring an additional 1,480 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its position in Capital City Bank Group by 2.8% in the second quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider’s stock valued at $2,221,000 after acquiring an additional 2,093 shares during the last quarter. Institutional investors and hedge funds own 44.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Hovde Group raised their price objective on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price target on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Piper Sandler lowered Capital City Bank Group from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $30.00 to $34.00 in a research report on Monday, July 29th. Finally, StockNews.com raised Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.80.

Insider Buying and Selling at Capital City Bank Group

In other news, Treasurer Thomas A. Barron sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the sale, the treasurer now owns 140,681 shares in the company, valued at approximately $4,756,424.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the transaction, the treasurer now directly owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Treasurer Thomas A. Barron sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $35.26, for a total value of $282,080.00. Following the completion of the sale, the treasurer now directly owns 143,681 shares of the company’s stock, valued at $5,066,192.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.40% of the stock is currently owned by corporate insiders.

Capital City Bank Group Stock Performance

NASDAQ CCBG opened at $35.33 on Thursday. The firm has a market cap of $598.60 million, a P/E ratio of 11.51 and a beta of 0.53. Capital City Bank Group, Inc. has a 52-week low of $25.45 and a 52-week high of $36.67. The business’s 50-day moving average price is $34.26 and its 200 day moving average price is $30.62. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.01. The company had revenue of $68.84 million for the quarter, compared to the consensus estimate of $54.40 million. Capital City Bank Group had a return on equity of 11.67% and a net margin of 19.67%.

Capital City Bank Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.60%. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, September 9th. Capital City Bank Group’s dividend payout ratio (DPR) is 29.97%.

Capital City Bank Group Profile

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking- related services to individual and corporate clients. The company offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services.