Heartland Advisors Inc. Sells 11,000 Shares of Capital City Bank Group (NASDAQ:CCBG)

Key Points

• Heartland Advisors Inc. has reduced its stake in Capital City Bank Group by 1.8% during Q1, currently holding 589,850 shares, which represents 1.2% of their total investments.
• Capital City Bank Group reported earnings of $0.88 EPS for the latest quarter, surpassing analysts' estimates of $0.83, with revenues of $63.20 million.
• The company has declared a quarterly dividend of $0.24 per share, which yields 2.34%, reflecting a payout ratio of 28.07%.

Heartland Advisors Inc. trimmed its holdings in shares of Capital City Bank Group (NASDAQ:CCBG - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 589,850 shares of the financial services provider's stock after selling 11,000 shares during the period. Capital City Bank Group makes up about 1.2% of Heartland Advisors Inc.'s portfolio, making the stock its 10th biggest position. Heartland Advisors Inc. owned about 3.46% of Capital City Bank Group worth $21,211,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Tower Research Capital LLC TRC lifted its position in Capital City Bank Group by 53.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 277 shares during the period. Lazard Asset Management LLC raised 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 valued at $68,000 after buying an additional 442 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Capital City Bank Group by 8,208.6% during the 1st 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. Intech Investment Management LLC acquired a new position in shares of Capital City Bank Group in the 4th quarter valued at about $235,000. Finally, Deutsche Bank AG boosted its stake 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 worth $274,000 after buying an additional 1,133 shares during the last quarter. 44.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCBG has been the subject of several recent research reports. Keefe, Bruyette & Woods lifted their price target on Capital City Bank Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research 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 research note on Wednesday, May 21st.

Capital City Bank Group Price Performance

Shares of Capital City Bank Group stock traded up $0.06 during trading hours on Tuesday, reaching $40.54. The stock had a trading volume of 4,626 shares, compared to its average volume of 28,222. The stock's 50 day moving average is $39.07 and its 200 day moving average is $37.21. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.10. Capital City Bank Group has a twelve month low of $30.99 and a twelve month high of $42.33. The firm has a market capitalization of $691.53 million, a PE ratio of 11.85 and a beta of 0.36.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.05. The firm had revenue of $63.20 million during the quarter, compared to analyst estimates of $62.35 million. Capital City Bank Group had a return on equity of 11.74% and a net margin of 20.86%. During the same quarter in the previous year, the business earned $0.83 EPS. Equities analysts expect that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 9th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Monday, June 9th. Capital City Bank Group's dividend payout ratio (DPR) is presently 28.07%.

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.