Nuveen LLC Buys New Stake in Capital City Bank Group (NASDAQ:CCBG)

Key Points

• Nuveen LLC has acquired a new position in Capital City Bank Group, purchasing 33,336 shares valued at approximately $1.20 million, which equates to 0.20% ownership of the company.
• Capital City Bank Group's stock opened at $38.50, with a market cap of $656.81 million and a recent P/E ratio of 11.26, showing stable performance with a 12-month high of $42.33.
• The firm declared a quarterly dividend of $0.24 per share, resulting in an annualized yield of 2.5% and a dividend payout ratio of 28.07%.

Nuveen LLC purchased a new stake in Capital City Bank Group (NASDAQ:CCBG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 33,336 shares of the financial services provider's stock, valued at approximately $1,199,000. Nuveen LLC owned 0.20% of Capital City Bank Group at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in Capital City Bank Group by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 882,343 shares of the financial services provider's stock worth $32,338,000 after purchasing an additional 9,984 shares in the last quarter. Vanguard Group Inc. grew its stake in Capital City Bank Group by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 759,811 shares of the financial services provider's stock valued at $27,323,000 after acquiring an additional 11,624 shares during the last quarter. Wellington Management Group LLP increased its holdings in Capital City Bank Group by 43.6% during the 4th quarter. Wellington Management Group LLP now owns 230,744 shares of the financial services provider's stock valued at $8,457,000 after acquiring an additional 70,004 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. raised its position in Capital City Bank Group by 38.6% during the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 160,191 shares of the financial services provider's stock worth $5,760,000 after acquiring an additional 44,572 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Capital City Bank Group by 5.6% in the fourth quarter. Northern Trust Corp now owns 135,923 shares of the financial services provider's stock valued at $4,982,000 after purchasing an additional 7,209 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 Up 1.1%

Capital City Bank Group stock traded up $0.42 during trading on Monday, reaching $38.92. 30,207 shares of the company's stock were exchanged, compared to its average volume of 28,624. The company's 50-day moving average is $39.19 and its two-hundred day moving average is $37.32. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.83. Capital City Bank Group has a 52-week low of $30.99 and a 52-week high of $42.33. The firm has a market cap of $663.98 million, a price-to-earnings ratio of 11.38 and a beta of 0.41.

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

Capital City Bank Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 9th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, June 9th. Capital City Bank Group's dividend payout ratio is presently 28.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods boosted their price target on Capital City Bank Group from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd.

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.