American Century Companies Inc. Boosts Holdings in Capital City Bank Group $CCBG

Key Points

• American Century Companies Inc. increased its stock position in Capital City Bank Group by 19.0%, owning 257,804 shares worth approximately $9.27 million as of the latest SEC filing.
• Several institutional investors, including US Bancorp DE and Tower Research Capital LLC, have significantly boosted their stakes, indicating growing confidence in Capital City Bank Group.
• Capital City Bank Group reported $0.88 EPS for the last quarter, surpassing analyst expectations, with revenue reaching $63.20 million compared to estimates of $62.35 million.

American Century Companies Inc. boosted its stake in Capital City Bank Group (NASDAQ:CCBG - Free Report) by 19.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 257,804 shares of the financial services provider's stock after acquiring an additional 41,121 shares during the period. American Century Companies Inc. owned about 1.51% of Capital City Bank Group worth $9,271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its holdings in shares of Capital City Bank Group by 53.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider's stock valued at $29,000 after buying an additional 277 shares during the last quarter. US Bancorp DE raised its holdings in shares of Capital City Bank Group by 224.7% in the first quarter. US Bancorp DE now owns 1,143 shares of the financial services provider's stock valued at $41,000 after buying an additional 791 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Capital City Bank Group by 30.9% in the fourth quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider's stock valued at $68,000 after buying an additional 442 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 buying an additional 4,761 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Capital City Bank Group by 17.8% in the fourth quarter. Deutsche Bank AG now owns 7,481 shares of the financial services provider's stock valued at $274,000 after buying an additional 1,133 shares during the last quarter. 44.59% of the stock is owned by hedge funds and other institutional investors.

Capital City Bank Group Price Performance

NASDAQ CCBG traded up $0.37 during mid-day trading on Friday, hitting $43.86. The stock had a trading volume of 24,059 shares, compared to its average volume of 37,556. The company has a 50 day simple moving average of $40.63 and a 200 day simple moving average of $37.87. The company has a market cap of $748.69 million, a price-to-earnings ratio of 12.82 and a beta of 0.41. Capital City Bank Group has a 52-week low of $32.38 and a 52-week high of $44.04. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.08.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.05. The business had revenue of $63.20 million during the quarter, compared to the consensus estimate of $62.35 million. Capital City Bank Group had a return on equity of 11.56% and a net margin of 20.86%.During the same quarter in the previous year, the company posted $0.83 EPS. Equities analysts forecast that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Monday, September 8th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, September 8th. This is an increase from Capital City Bank Group's previous quarterly dividend of $0.24. Capital City Bank Group's dividend payout ratio is currently 28.07%.

Analysts Set New Price Targets

CCBG has been the subject of a number of research reports. Keefe, Bruyette & Woods upped their target price on shares of Capital City Bank Group from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Wall Street Zen cut shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $45.00.

About Capital City Bank Group

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.