Inspire Investing LLC Grows Stock Holdings 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 raised its position in Capital City Bank Group (NASDAQ:CCBG - Free Report) by 181.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,724 shares of the financial services provider's stock after purchasing an additional 19,805 shares during the quarter. Inspire Investing LLC owned 0.18% of Capital City Bank Group worth $1,105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in Capital City Bank Group by 53.5% in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Capital City Bank Group by 4.2% during the 1st 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 during the period. Lazard Asset Management LLC raised its position in Capital City Bank Group by 30.9% in 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 in the last quarter. Isthmus Partners LLC boosted its stake in shares of Capital City Bank Group by 0.7% in the 1st quarter. Isthmus Partners LLC now owns 85,761 shares of the financial services provider's stock valued at $3,084,000 after buying an additional 616 shares during the period. Finally, US Bancorp DE grew its position in shares of Capital City Bank Group by 224.7% during the first quarter. US Bancorp DE now owns 1,143 shares of the financial services provider's stock worth $41,000 after buying an additional 791 shares in the last quarter. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

Capital City Bank Group Stock Performance

Shares of CCBG traded up $0.88 during midday trading on Thursday, reaching $44.32. 24,663 shares of the stock were exchanged, compared to its average volume of 29,970. Capital City Bank Group has a twelve month low of $32.38 and a twelve month high of $44.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.82. The company has a market capitalization of $756.46 million, a price-to-earnings ratio of 12.96 and a beta of 0.39. The business's 50-day moving average price is $41.53 and its 200 day moving average price is $38.48.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.05. The firm had revenue of $63.20 million during the quarter, compared to analysts' expectations of $62.35 million. Capital City Bank Group had a return on equity of 11.56% and a net margin of 20.86%.During the same period in the prior year, the firm earned $0.83 EPS. On average, sell-side analysts expect that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Monday, September 8th will be given a $0.26 dividend. This is a positive change from Capital City Bank Group's previous quarterly dividend of $0.24. The ex-dividend date is Monday, September 8th. This represents a $1.04 annualized dividend and a yield of 2.3%. Capital City Bank Group's payout ratio is currently 30.41%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CCBG. Wall Street Zen lowered Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Keefe, Bruyette & Woods upped their price objective on 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 analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $45.00.

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.