Capital City Bank Group $CCBG Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. lessened its holdings in Capital City Bank Group (NASDAQ:CCBG) by 3.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 500,000 shares of the financial services provider’s stock after selling 18,750 shares during the quarter. Capital City Bank Group comprises approximately 1.1% of Heartland Advisors Inc.’s investment portfolio, making the stock its 13th largest holding. Heartland Advisors Inc.’s holdings in Capital City Bank Group were worth $20,895,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CCBG. Geode Capital Management LLC raised its stake in shares of Capital City Bank Group by 1.6% in the second quarter. Geode Capital Management LLC now owns 333,319 shares of the financial services provider’s stock valued at $13,118,000 after acquiring an additional 5,186 shares in the last quarter. American Century Companies Inc. increased its holdings in Capital City Bank Group by 13.8% during the 2nd quarter. American Century Companies Inc. now owns 293,407 shares of the financial services provider’s stock worth $11,546,000 after purchasing an additional 35,603 shares during the period. Russell Investments Group Ltd. raised its position in Capital City Bank Group by 1.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 102,106 shares of the financial services provider’s stock valued at $4,018,000 after purchasing an additional 1,935 shares in the last quarter. Panagora Asset Management Inc. raised its position in Capital City Bank Group by 1.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 77,009 shares of the financial services provider’s stock valued at $3,030,000 after purchasing an additional 837 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in shares of Capital City Bank Group by 4.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 67,891 shares of the financial services provider’s stock valued at $2,672,000 after buying an additional 2,640 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 CCBG opened at $42.82 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.83. Capital City Bank Group has a 1-year low of $32.38 and a 1-year high of $46.83. The stock has a market cap of $730.94 million, a PE ratio of 11.89 and a beta of 0.34. The firm has a fifty day moving average price of $43.36 and a 200 day moving average price of $42.16.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Tuesday, January 27th. The financial services provider reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.09). Capital City Bank Group had a return on equity of 11.69% and a net margin of 21.47%.The firm had revenue of $63.46 million for the quarter, compared to analyst estimates of $64.65 million. As a group, sell-side analysts anticipate that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.26 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.04 dividend on an annualized basis and a yield of 2.4%. Capital City Bank Group’s payout ratio is currently 28.89%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Capital One Financial set a $45.00 target price on shares of Capital City Bank Group in a research note on Wednesday, January 28th. Wall Street Zen downgraded shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a report on Monday, December 29th. Keefe, Bruyette & Woods downgraded Capital City Bank Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $47.00 to $45.00 in a report on Wednesday, January 28th. Finally, Zacks Research cut Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Capital City Bank Group has a consensus rating of “Hold” and a consensus target price of $45.00.

About Capital City Bank Group

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.