Capital City Bank Group $CCBG Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its stake in Capital City Bank Group (NASDAQ:CCBG - Free Report) by 34.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,687 shares of the financial services provider's stock after selling 38,769 shares during the period. Bank of America Corp DE owned approximately 0.44% of Capital City Bank Group worth $3,246,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Capital City Bank Group by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider's stock valued at $294,000 after purchasing an additional 327 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Capital City Bank Group by 11.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 4,200 shares of the financial services provider's stock valued at $179,000 after buying an additional 420 shares during the period. Swiss National Bank raised its stake in shares of Capital City Bank Group by 2.5% during the fourth quarter. Swiss National Bank now owns 28,600 shares of the financial services provider's stock valued at $1,218,000 after purchasing an additional 700 shares during the period. Inspire Investing LLC lifted its position in shares of Capital City Bank Group by 6.9% during the first quarter. Inspire Investing LLC now owns 11,772 shares of the financial services provider's stock worth $512,000 after purchasing an additional 758 shares in the last quarter. Finally, Mariner LLC lifted its position in shares of Capital City Bank Group by 7.8% during the third quarter. Mariner LLC now owns 11,104 shares of the financial services provider's stock worth $464,000 after purchasing an additional 801 shares in the last quarter. Institutional investors and hedge funds own 44.59% of the company's stock.

Capital City Bank Group Price Performance

Shares of NASDAQ CCBG opened at $51.34 on Monday. Capital City Bank Group has a 1-year low of $38.27 and a 1-year high of $53.60. The firm has a market capitalization of $878.43 million, a PE ratio of 14.26 and a beta of 0.31. The business's fifty day moving average price is $50.78 and its two-hundred day moving average price is $46.85. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.78.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. Capital City Bank Group had a return on equity of 11.11% and a net margin of 21.37%.The firm had revenue of $64.80 million for the quarter, compared to the consensus estimate of $64.25 million. On average, research analysts expect that Capital City Bank Group will post 3.69 EPS for the current year.

Capital City Bank Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a $0.27 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.08 annualized dividend and a dividend yield of 2.1%. Capital City Bank Group's dividend payout ratio is 30.00%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Capital City Bank Group in a research note on Wednesday, June 24th. Keefe, Bruyette & Woods increased their target price on Capital City Bank Group from $52.00 to $54.00 and gave the company a "market perform" rating in a research note on Wednesday, July 22nd. Finally, Wall Street Zen raised shares of Capital City Bank Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $51.75.

About Capital City Bank Group

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.

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