Inspire Investing LLC Has $1.11 Million Stake in Capital City Bank Group $CCBG

Key Points

• Inspire Investing LLC significantly increased its stake in Capital City Bank Group by 181.4%, bringing its total share ownership to 30,724 shares worth approximately $1.11 million.
• Capital City Bank Group recently increased its quarterly dividend from $0.24 to $0.26 per share, which translates to an annualized yield of 2.4%.
• The company's recent earnings report showed a profit of $0.88 per share, exceeding analysts' expectations, with total revenue of $63.20 million during the quarter.

Inspire Investing LLC boosted its position in shares of Capital City Bank Group (NASDAQ:CCBG - Free Report) by 181.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,724 shares of the financial services provider's stock after purchasing an additional 19,805 shares during the period. Inspire Investing LLC owned about 0.18% of Capital City Bank Group worth $1,105,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in Capital City Bank Group by 53.5% during the 4th 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 last quarter. US Bancorp DE lifted its holdings in Capital City Bank Group by 224.7% during the 1st quarter. US Bancorp DE now owns 1,143 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 791 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in 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 purchasing an additional 442 shares during the last quarter. GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 4,761 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Capital City Bank Group by 17.8% during the 4th quarter. Deutsche Bank AG now owns 7,481 shares of the financial services provider's stock valued at $274,000 after purchasing an additional 1,133 shares during the last quarter. 44.59% of the stock is owned by institutional investors.

Capital City Bank Group Trading Up 0.6%

CCBG stock traded up $0.24 during trading on Monday, hitting $43.52. The company had a trading volume of 52,043 shares, compared to its average volume of 30,492. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $41.45 and a 200-day moving average price of $38.42. Capital City Bank Group has a 12 month low of $32.38 and a 12 month high of $44.69. The stock has a market cap of $742.89 million, a price-to-earnings ratio of 12.73 and a beta of 0.39.

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

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Monday, September 8th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, September 8th. This represents a $1.04 annualized dividend and a dividend yield of 2.4%. This is a positive change from Capital City Bank Group's previous quarterly dividend of $0.24. Capital City Bank Group's dividend payout ratio is presently 30.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CCBG shares. Wall Street Zen downgraded shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods boosted their price objective on shares of Capital City Bank Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $45.00.

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.