Capital City Bank Group (NASDAQ:CCBG) Stock Holdings Lessened by Heartland Advisors Inc.

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 position in shares of Capital City Bank Group (NASDAQ:CCBG - Free Report) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 1.2% of Heartland Advisors Inc.'s holdings, making the stock its 10th biggest holding. Heartland Advisors Inc. owned approximately 3.46% of Capital City Bank Group worth $21,211,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Intech Investment Management LLC purchased a new position in shares of Capital City Bank Group during the fourth quarter valued at $235,000. American Century Companies Inc. boosted its position in Capital City Bank Group by 33.2% during the fourth quarter. American Century Companies Inc. now owns 216,683 shares of the financial services provider's stock valued at $7,941,000 after purchasing an additional 54,059 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Capital City Bank Group during the fourth quarter valued at about $359,000. Vanguard Group Inc. boosted its position in Capital City Bank Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 748,187 shares of the financial services provider's stock valued at $27,421,000 after purchasing an additional 9,196 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Capital City Bank Group by 18.5% during the fourth quarter. JPMorgan Chase & Co. now owns 103,554 shares of the financial services provider's stock valued at $3,795,000 after purchasing an additional 16,158 shares in the last quarter. 44.59% of the stock is owned by hedge funds and other institutional investors.

Capital City Bank Group Trading Down 1.7%

Capital City Bank Group stock opened at $40.94 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. Capital City Bank Group has a 52 week low of $30.99 and a 52 week high of $42.33. The company has a market capitalization of $698.44 million, a price-to-earnings ratio of 11.97 and a beta of 0.36. The stock has a 50-day moving average price of $39.00 and a 200 day moving average price of $37.09.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.05. The firm 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 11.74% and a net margin of 20.86%. During the same quarter in the previous year, the company posted $0.83 earnings per share. Sell-side analysts anticipate that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.34%. The ex-dividend date was Monday, June 9th. Capital City Bank Group's dividend payout ratio is currently 28.07%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wall Street Zen downgraded Capital City Bank Group from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods raised their price objective on Capital City Bank Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday.

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.

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