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

Two Sigma Investments LP decreased its position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG - Free Report) by 22.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC raised its position in Capital City Bank Group by 30.9% during the 4th quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider's stock worth $68,000 after buying an additional 442 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Capital City Bank Group by 17.8% during the fourth 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. Bridgeway Capital Management LLC lifted its position in Capital City Bank Group by 1.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 63,136 shares of the financial services provider's stock valued at $2,314,000 after purchasing an additional 1,155 shares during the period. Bank of America Corp DE boosted its holdings in Capital City Bank Group by 14.8% in the fourth quarter. Bank of America Corp DE now owns 25,311 shares of the financial services provider's stock valued at $928,000 after purchasing an additional 3,257 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in 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 during the last quarter. Institutional investors and hedge funds own 44.59% of the company's stock.

Capital City Bank Group Stock Performance

Shares of NASDAQ CCBG traded up $0.79 during midday trading on Tuesday, reaching $37.98. 33,282 shares of the stock were exchanged, compared to its average volume of 29,746. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The firm has a market cap of $647.75 million, a price-to-earnings ratio of 12.17 and a beta of 0.36. The firm has a 50-day simple moving average of $36.46 and a two-hundred day simple moving average of $36.72. Capital City Bank Group, Inc. has a twelve month low of $25.45 and a twelve month high of $40.86.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The financial services provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.24. The company had revenue of $61.45 million during the quarter, compared to analysts' expectations 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 previous year, the company earned $0.74 earnings per share. As a group, analysts anticipate that Capital City Bank Group, Inc. will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.96 dividend on an annualized basis and a yield of 2.53%. Capital City Bank Group's payout ratio is 28.49%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Capital City Bank Group from a "buy" rating to a "hold" rating in a 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.