KLP Kapitalforvaltning AS Has $608,000 Position in Capital City Bank Group (NASDAQ:CCBG)

Key Points

• KLP Kapitalforvaltning AS has increased its stake in Capital City Bank Group by 72.4%, acquiring an additional 7,100 shares, bringing its ownership to approximately 0.10% of the company, valued at $608,000.
• Capital City Bank Group reported earnings per share of $0.88, surpassing analysts' expectations of $0.83, alongside a net margin of 20.86% and revenue of $63.20 million for the most recent quarter.
• The company recently announced a quarterly dividend of $0.24, equating to an annualized dividend of $0.96, with a current dividend yield of 2.39%.

KLP Kapitalforvaltning AS boosted its position in Capital City Bank Group (NASDAQ:CCBG - Free Report) by 72.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,900 shares of the financial services provider's stock after purchasing an additional 7,100 shares during the period. KLP Kapitalforvaltning AS owned about 0.10% of Capital City Bank Group worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CCBG. Tower Research Capital LLC TRC grew its stake in Capital City Bank Group by 53.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider's stock worth $29,000 after acquiring an additional 277 shares during the period. Lazard Asset Management LLC raised its stake in shares of 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. GAMMA Investing LLC grew its position 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. Deutsche Bank AG grew its position in Capital City Bank Group by 17.8% in the 4th quarter. Deutsche Bank AG now owns 7,481 shares of the financial services provider's stock worth $274,000 after purchasing an additional 1,133 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Capital City Bank Group by 19.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 7,962 shares of the financial services provider's stock worth $292,000 after acquiring an additional 1,313 shares during the period. Institutional investors and hedge funds own 44.59% of the company's stock.

Analyst Upgrades and Downgrades

CCBG has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their target price on shares of Capital City Bank Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Wall Street Zen downgraded shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

Capital City Bank Group Trading Down 1.8%

NASDAQ CCBG traded down $0.72 during trading on Wednesday, reaching $39.48. 33,319 shares of the stock traded hands, compared to its average volume of 36,537. 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 fifty-two week low of $30.99 and a fifty-two week high of $42.33. The stock's 50-day moving average price is $39.10 and its 200 day moving average price is $37.23. The firm has a market cap of $673.53 million, a price-to-earnings ratio of 11.54 and a beta of 0.36.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $63.20 million for the quarter, compared to analyst estimates of $62.35 million. Capital City Bank Group had a net margin of 20.86% and a return on equity of 11.74%. During the same quarter in the previous year, the firm posted $0.83 earnings per share. Analysts predict that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders 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 2.43%. The ex-dividend date was Monday, June 9th. Capital City Bank Group's dividend payout ratio (DPR) is currently 28.07%.

Capital City Bank Group Company 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.