24,552 Shares in Capital City Bank Group, Inc. (NASDAQ:CCBG) Acquired by Axecap Investments LLC

Axecap Investments LLC purchased a new stake in Capital City Bank Group, Inc. (NASDAQ:CCBG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,552 shares of the financial services provider's stock, valued at approximately $883,000. Axecap Investments LLC owned approximately 0.14% of Capital City Bank Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Murphy Middleton Hinkle & Parker Inc. grew its stake in Capital City Bank Group by 38.6% in the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 160,191 shares of the financial services provider's stock valued at $5,760,000 after acquiring an additional 44,572 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Capital City Bank Group by 8,208.6% in the first quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider's stock valued at $173,000 after purchasing an additional 4,761 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Capital City Bank Group by 43.6% in the fourth quarter. Wellington Management Group LLP now owns 230,744 shares of the financial services provider's stock valued at $8,457,000 after purchasing an additional 70,004 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Capital City Bank Group by 30.9% during the 4th quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider's stock worth $68,000 after purchasing an additional 442 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Capital City Bank Group by 17.8% during the 4th quarter. Deutsche Bank AG now owns 7,481 shares of the financial services provider's stock worth $274,000 after purchasing an additional 1,133 shares during the last quarter. Institutional investors and hedge funds own 44.59% of the company's stock.

Capital City Bank Group Trading Down 2.8%

Shares of NASDAQ CCBG traded down $1.04 during midday trading on Friday, reaching $36.63. 14,323 shares of the stock were exchanged, compared to its average volume of 24,864. The stock has a 50 day moving average price of $36.71 and a 200-day moving average price of $36.72. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $624.66 million, a P/E ratio of 11.76 and a beta of 0.36. Capital City Bank Group, Inc. has a 52-week low of $25.45 and a 52-week high of $40.86.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its earnings results on Monday, April 21st. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.75 by $0.24. The firm had revenue of $61.45 million during the quarter, compared to analysts' expectations of $59.75 million. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. During the same period in the previous year, the company earned $0.74 EPS. Equities research analysts expect that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.96 annualized dividend and a yield of 2.62%. Capital City Bank Group's payout ratio is currently 28.49%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

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.