Capital City Bank Group (NASDAQ:CCBG) Stock: Insider William Butler Purchases 392 Shares

Key Points

• Director William Butler purchased 392 CCBG shares at an average price of $51.07, investing $20,019.44 and increasing his ownership by 5.81% to 7,137 shares.
• Capital City Bank Group reported quarterly EPS of $0.99, beating analysts’ $0.94 estimate, while revenue of $64.39 million fell short of the $65.50 million consensus forecast.
• CCBG shares traded around $50.90, and analysts maintained a generally neutral outlook with an average “Hold” rating and a consensus price target of $51.75; the company pays a quarterly dividend of $0.27.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) Director William Butler bought 392 shares of Capital City Bank Group stock in a transaction that occurred on Monday, October 26th. The stock was purchased at an average cost of $51.07 per share, for a total transaction of $20,019.44. Following the purchase, the director owned 7,137 shares of the company's stock, valued at $364,486.59. The trade was a 5.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Capital City Bank Group Price Performance

Shares of NASDAQ CCBG traded up $0.37 during trading hours on Monday, reaching $50.90. 66,486 shares of the stock traded hands, compared to its average volume of 90,076. The company has a market capitalization of $870.90 million, a P/E ratio of 13.91 and a beta of 0.36. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. Capital City Bank Group has a 52-week low of $38.55 and a 52-week high of $53.60. The company's 50-day simple moving average is $50.07 and its two-hundred day simple moving average is $48.80.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05. The business had revenue of $64.39 million during the quarter, compared to analyst estimates of $65.50 million. Capital City Bank Group had a return on equity of 11.18% and a net margin of 21.85%. Equities research analysts forecast that Capital City Bank Group will post 3.69 EPS for the current year.

Capital City Bank Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $1.08 annualized dividend and a dividend yield of 2.1%. Capital City Bank Group's dividend payout ratio is currently 29.51%.

Analysts Set New Price Targets

CCBG has been the topic of several research analyst reports. Wall Street Zen upgraded Capital City Bank Group from a "sell" rating to a "hold" rating in a research note on Saturday. Keefe, Bruyette & Woods boosted their target price on shares of Capital City Bank Group from $52.00 to $54.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Capital City Bank Group from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Capital City Bank Group presently has an average rating of "Hold" and a consensus price target of $51.75.

Hedge Funds Weigh In On Capital City Bank Group

A number of hedge funds have recently modified their holdings of CCBG. Nisa Investment Advisors LLC increased its position in shares of Capital City Bank Group by 42.1% during the third quarter. Nisa Investment Advisors LLC now owns 760 shares of the financial services provider's stock worth $37,000 after acquiring an additional 225 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Capital City Bank Group by 6.9% during the first quarter. Inspire Investing LLC now owns 11,772 shares of the financial services provider's stock worth $512,000 after acquiring an additional 758 shares during the period. Quantbot Technologies LP bought a new stake in Capital City Bank Group in the 2nd quarter valued at $65,000. Susquehanna Fundamental Investments LLC lifted its position in Capital City Bank Group by 10.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 14,404 shares of the financial services provider's stock valued at $712,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. lifted its position in Capital City Bank Group by 1.2% in the 2nd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 145,945 shares of the financial services provider's stock valued at $7,213,000 after acquiring an additional 1,666 shares in the last quarter. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a financial holding company headquartered in Tallahassee, Florida. Through its principal subsidiary, Capital City Bank, the company provides banking and financial services to individuals, businesses, and public-sector organizations.

Its offerings include consumer and commercial deposit accounts, business and personal lending, mortgage services, cash-management solutions, online and mobile banking, and wealth-management services. The company also provides trust and investment services through its banking operations.

Founded in 1895, Capital City Bank Group has developed a community-banking network serving markets in North Florida and Georgia, including the Tallahassee area.

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