Nuveen LLC Acquires Shares of 33,336 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 acquired a new stake in Capital City Bank Group (NASDAQ:CCBG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in CCBG. Tower Research Capital LLC TRC lifted its position 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. US Bancorp DE lifted its holdings in shares of Capital City Bank Group by 224.7% in the 1st quarter. US Bancorp DE now owns 1,143 shares of the financial services provider's stock valued at $41,000 after buying an additional 791 shares during the period. Lazard Asset Management LLC grew its holdings in Capital City Bank Group by 30.9% during the fourth quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider's stock worth $68,000 after acquiring an additional 442 shares during the period. GAMMA Investing LLC raised its position in Capital City Bank Group by 8,208.6% in the first quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider's stock worth $173,000 after acquiring an additional 4,761 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of 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 worth $274,000 after purchasing an additional 1,133 shares during the period. Institutional investors and hedge funds own 44.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. 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. Keefe, Bruyette & Woods lifted their price target on shares of Capital City Bank Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd.

Capital City Bank Group Price Performance

Shares of CCBG traded up $0.03 during mid-day trading on Wednesday, reaching $38.92. 19,581 shares of the company's stock were exchanged, compared to its average volume of 28,568. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. Capital City Bank Group has a 52-week low of $31.17 and a 52-week high of $42.33. The company has a market cap of $664.36 million, a price-to-earnings ratio of 11.38 and a beta of 0.41. The company has a 50-day simple moving average of $39.22 and a two-hundred day simple moving average of $37.36.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.05. The business had revenue of $63.20 million for the quarter, compared to the consensus estimate 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 business earned $0.83 earnings per share. On average, sell-side analysts predict that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Announces Dividend

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