Northern Trust Corp Boosts Position in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Northern Trust Corp grew its position in Capital City Bank Group, Inc. (NASDAQ:CCBG - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,923 shares of the financial services provider's stock after purchasing an additional 7,209 shares during the quarter. Northern Trust Corp owned approximately 0.80% of Capital City Bank Group worth $4,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of 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 worth $29,000 after purchasing an additional 277 shares during the period. Blue Trust Inc. boosted its position in shares of Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider's stock worth $171,000 after acquiring an additional 645 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Capital City Bank Group during the fourth quarter worth $235,000. Integrated Wealth Concepts LLC boosted its position in shares of Capital City Bank Group by 19.7% during the fourth 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 last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Capital City Bank Group by 72.2% during the fourth quarter. SG Americas Securities LLC now owns 8,997 shares of the financial services provider's stock worth $330,000 after acquiring an additional 3,772 shares during the last quarter. 44.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CCBG has been the subject of a number of research reports. Wall Street Zen lowered shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a research report on Wednesday. Keefe, Bruyette & Woods upped their target price on shares of Capital City Bank Group from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st.

Capital City Bank Group Price Performance

Capital City Bank Group stock traded down $0.36 during mid-day trading on Friday, reaching $37.24. 16,605 shares of the company's stock traded hands, compared to its average volume of 29,478. The company has a market cap of $635.13 million, a price-to-earnings ratio of 11.94 and a beta of 0.33. The stock has a 50 day moving average of $36.14 and a two-hundred day moving average of $36.81. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. Capital City Bank Group, Inc. has a 12-month low of $25.45 and a 12-month high of $40.86.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.24. The company had revenue of $61.45 million for the quarter, compared to the consensus estimate of $59.75 million. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Equities analysts forecast that Capital City Bank Group, Inc. 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 was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.24 per share. This is an increase from Capital City Bank Group's previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.58%. Capital City Bank Group's dividend payout ratio is presently 28.49%.

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.