Vanguard Group Inc. Buys 11,624 Shares of Capital City Bank Group $CCBG

Key Points

• Vanguard Group Inc. increased its stake in Capital City Bank Group (NASDAQ:CCBG) by 1.6% in Q1, owning approximately 4.46% of the company, valued at about $27.3 million.
• Capital City Bank Group reported an EPS of $0.88 for the last quarter, exceeding analysts' expectations of $0.83, with a revenue of $63.2 million.
• Wall Street analysts have a consensus rating of "Buy" for CCBG, with a price target of $45.00 after recent upgrades and downgrades from various research firms.

Vanguard Group Inc. increased its position in shares of Capital City Bank Group (NASDAQ:CCBG - Free Report) by 1.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 759,811 shares of the financial services provider's stock after purchasing an additional 11,624 shares during the period. Vanguard Group Inc. owned 4.46% of Capital City Bank Group worth $27,323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Capital City Bank Group by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 882,343 shares of the financial services provider's stock valued at $32,338,000 after purchasing an additional 9,984 shares during the period. Wellington Management Group LLP grew its stake in Capital City Bank Group by 43.6% during the fourth 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. grew its stake 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 valued at $5,760,000 after acquiring an additional 44,572 shares in the last quarter. Northern Trust Corp grew its stake 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 valued at $4,982,000 after acquiring an additional 7,209 shares in the last quarter. Finally, Isthmus Partners LLC grew its stake in Capital City Bank Group by 0.7% during the first quarter. Isthmus Partners LLC now owns 85,761 shares of the financial services provider's stock valued at $3,084,000 after acquiring an additional 616 shares in the last quarter. 44.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of Capital City Bank Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Wall Street Zen cut shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $45.00.

Capital City Bank Group Price Performance

Shares of NASDAQ:CCBG traded up $0.37 on Monday, reaching $43.86. The company's stock had a trading volume of 24,059 shares, compared to its average volume of 36,321. Capital City Bank Group has a 52-week low of $32.38 and a 52-week high of $44.04. The company has a market cap of $748.69 million, a P/E ratio of 12.82 and a beta of 0.39. The company has a 50-day simple moving average of $40.63 and a 200 day simple moving average of $37.88. 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 (NASDAQ:CCBG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.05. Capital City Bank Group had a net margin of 20.86% and a return on equity of 11.56%. The business had revenue of $63.20 million during the quarter, compared to analysts' expectations of $62.35 million. During the same period last year, the company posted $0.83 EPS. As a group, equities research analysts anticipate that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Monday, September 8th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, September 8th. This is an increase from Capital City Bank Group's previous quarterly dividend of $0.24. Capital City Bank Group's dividend payout ratio is 28.07%.

Capital City Bank Group 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.