Two Sigma Investments LP Trims Position in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Two Sigma Investments LP cut its position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,546 shares of the financial services provider's stock after selling 7,241 shares during the quarter. Two Sigma Investments LP owned 0.14% of Capital City Bank Group worth $900,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CCBG. Lazard Asset Management LLC increased its position in shares of Capital City Bank Group by 30.9% in the fourth quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider's stock valued at $68,000 after buying an additional 442 shares in the last quarter. Deutsche Bank AG grew its stake 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 valued at $274,000 after acquiring an additional 1,133 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in Capital City Bank Group by 1.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 63,136 shares of the financial services provider's stock valued at $2,314,000 after acquiring an additional 1,155 shares in the last quarter. Bank of America Corp DE increased its holdings in Capital City Bank Group by 14.8% during the 4th quarter. Bank of America Corp DE now owns 25,311 shares of the financial services provider's stock valued at $928,000 after acquiring an additional 3,257 shares in the last quarter. Finally, Northern Trust Corp raised its position in Capital City Bank Group by 5.6% during the fourth quarter. Northern Trust Corp now owns 135,923 shares of the financial services provider's stock worth $4,982,000 after acquiring an additional 7,209 shares during the last quarter. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

Capital City Bank Group Price Performance

Shares of NASDAQ CCBG traded up $0.69 during trading on Friday, reaching $37.62. The company had a trading volume of 23,499 shares, compared to its average volume of 29,629. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. Capital City Bank Group, Inc. has a twelve month low of $25.45 and a twelve month high of $40.86. The stock has a 50-day moving average price of $36.44 and a two-hundred day moving average price of $36.74. The stock has a market capitalization of $641.61 million, a PE ratio of 12.06 and a beta of 0.36.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The financial services provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.24. The firm had revenue of $61.45 million during the quarter, compared to analysts' expectations of $59.75 million. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. During the same quarter last year, the business posted $0.74 EPS. As a group, sell-side analysts predict that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current year.

Capital City Bank Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Monday, June 9th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.55%. Capital City Bank Group's dividend payout ratio (DPR) is presently 28.49%.

Wall Street Analyst Weigh In

Separately, 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.

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.