Jefferies Financial Group Inc. Invests $724,000 in Capital City Bank Group $CCBG

Jefferies Financial Group Inc. bought a new position in Capital City Bank Group (NASDAQ:CCBG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 17,000 shares of the financial services provider’s stock, valued at approximately $724,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCBG. AQR Capital Management LLC grew its position in shares of Capital City Bank Group by 24.1% in the 1st quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider’s stock worth $438,000 after buying an additional 2,362 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Capital City Bank Group by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock worth $294,000 after buying an additional 327 shares during the period. Empowered Funds LLC grew its position in shares of Capital City Bank Group by 8.1% in the 1st quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider’s stock worth $1,010,000 after buying an additional 2,115 shares during the period. Jane Street Group LLC purchased a new stake in shares of Capital City Bank Group in the 1st quarter worth about $555,000. Finally, Rhumbline Advisers grew its position in shares of Capital City Bank Group by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 21,994 shares of the financial services provider’s stock worth $865,000 after buying an additional 982 shares during the period. 44.59% of the stock is owned by hedge funds and other institutional investors.

Capital City Bank Group Trading Down 0.8%

Shares of NASDAQ:CCBG opened at $45.64 on Friday. The company has a market cap of $780.44 million, a P/E ratio of 12.93 and a beta of 0.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.79. Capital City Bank Group has a 1 year low of $35.94 and a 1 year high of $48.78. The stock’s fifty day moving average price is $45.52 and its 200-day moving average price is $43.69.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Monday, April 20th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. The firm had revenue of $62.75 million for the quarter, compared to the consensus estimate of $63.25 million. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%. Sell-side analysts expect that Capital City Bank Group will post 3.69 earnings per share for the current year.

Capital City Bank Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, June 1st. This represents a $1.08 annualized dividend and a yield of 2.4%. Capital City Bank Group’s dividend payout ratio is currently 30.59%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CCBG. Capital One Financial set a $49.50 target price on shares of Capital City Bank Group in a research report on Tuesday, April 21st. Brean Capital downgraded shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a research report on Friday, March 27th. Keefe, Bruyette & Woods increased their price objective on shares of Capital City Bank Group from $45.00 to $50.00 and gave the company a “market perform” rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen downgraded shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $49.75.

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.