Empowered Funds LLC Purchases New Position in Capital City Bank Group $CCBG

Key Points

• Empowered Funds LLC acquired 44,913 shares of Capital City Bank Group, valued at approximately $2.22 million, giving it a 0.26% stake. Institutional investors collectively own 44.59% of the company.
• Analyst sentiment is broadly cautious: CCBG has an average rating of “Hold” and an average price target of $51.75, although Keefe, Bruyette & Woods raised its target to $54.
• Capital City Bank Group exceeded quarterly expectations with EPS of $0.95 versus a $0.90 estimate and revenue of $64.8 million. The company also declared a quarterly dividend of $0.27 per share, equivalent to a 2.1% annual yield.

Empowered Funds LLC acquired a new position in shares of Capital City Bank Group (NASDAQ:CCBG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 44,913 shares of the financial services provider's stock, valued at approximately $2,220,000. Empowered Funds LLC owned about 0.26% of Capital City Bank Group at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in Capital City Bank Group by 24.1% in the first quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider's stock valued at $438,000 after purchasing an additional 2,362 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Capital City Bank Group by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider's stock worth $294,000 after purchasing an additional 327 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Capital City Bank Group in the 1st quarter valued at $555,000. Rhumbline Advisers grew its holdings in shares of Capital City Bank Group by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 21,994 shares of the financial services provider's stock valued at $865,000 after buying an additional 982 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of Capital City Bank Group by 61.6% in the 2nd quarter. Hsbc Holdings PLC now owns 14,630 shares of the financial services provider's stock valued at $576,000 after buying an additional 5,577 shares in the last quarter. Institutional investors and hedge funds own 44.59% of the company's stock.

Wall Street Analyst Weigh In

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

Capital City Bank Group Stock Up 1.7%

Capital City Bank Group stock opened at $50.98 on Thursday. The stock has a market capitalization of $872.27 million, a PE ratio of 14.16 and a beta of 0.32. Capital City Bank Group has a twelve month low of $38.27 and a twelve month high of $53.60. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $50.94 and a 200-day moving average of $47.02.

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

Capital City Bank Group Announces Dividend

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

Capital City Bank Group Profile

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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