Wellington Management Group LLP Grows Position in Capital City Bank Group $CCBG

Key Points

• Wellington Management Group LLP increased its stake in Capital City Bank Group by 10.5%, holding 255,057 shares valued at approximately $9.17 million as of the latest filing.
• Capital City Bank Group saw its stock rise 0.8%, with a one-year high of $43.74 and a market cap of $746.64 million.
• The company reported earnings per share (EPS) of $0.88, exceeding analysts' expectations, and analysts predict an EPS of 3.06 for the current year.

Wellington Management Group LLP raised its position in shares of Capital City Bank Group (NASDAQ:CCBG - Free Report) by 10.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 255,057 shares of the financial services provider's stock after purchasing an additional 24,313 shares during the quarter. Wellington Management Group LLP owned 1.50% of Capital City Bank Group worth $9,172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its holdings in Capital City Bank Group by 53.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider's stock valued at $29,000 after buying an additional 277 shares during the last quarter. US Bancorp DE increased its stake 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 worth $41,000 after purchasing an additional 791 shares in the last quarter. Lazard Asset Management LLC lifted its position 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 valued at $68,000 after purchasing an additional 442 shares in the last quarter. GAMMA Investing LLC lifted its position in Capital City Bank Group by 8,208.6% during the first quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider's stock valued at $173,000 after purchasing an additional 4,761 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in 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 valued at $274,000 after purchasing an additional 1,133 shares during the period. Hedge funds and other institutional investors own 44.59% of the company's stock.

Capital City Bank Group Price Performance

Shares of NASDAQ:CCBG traded up $0.37 during midday trading on Monday, reaching $43.86. 24,059 shares of the company were exchanged, compared to its average volume of 36,321. The stock has a market cap of $748.69 million, a PE ratio of 12.82 and a beta of 0.39. The business's fifty day moving average is $40.63 and its two-hundred day moving average is $37.88. Capital City Bank Group has a one year low of $32.38 and a one year high of $44.04. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08.

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, topping the consensus estimate of $0.83 by $0.05. Capital City Bank Group had a return on equity of 11.56% and a net margin of 20.86%.The business had revenue of $63.20 million for the quarter, compared to analysts' expectations of $62.35 million. During the same period in the prior year, the firm earned $0.83 EPS. As a group, analysts predict that Capital City Bank Group will post 3.06 earnings per share for the current year.

Capital City Bank Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Monday, September 8th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, September 8th. This represents a $1.04 annualized dividend and a dividend yield of 2.4%. This is a positive change from Capital City Bank Group's previous quarterly dividend of $0.24. Capital City Bank Group's dividend payout ratio is currently 28.07%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CCBG. Wall Street Zen cut Capital City Bank Group from a "buy" rating to a "hold" rating in a research 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 report on Wednesday, July 23rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $45.00.

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.