Mirae Asset Global Investments Co. Ltd. Purchases 13,048 Shares of Capital City Bank Group $CCBG

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Capital City Bank Group (NASDAQ:CCBG) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,048 shares of the financial services provider’s stock, valued at approximately $631,000. Mirae Asset Global Investments Co. Ltd. owned 0.08% of Capital City Bank Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCBG. Nisa Investment Advisors LLC increased its stake in Capital City Bank Group by 42.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 760 shares of the financial services provider’s stock valued at $37,000 after buying an additional 225 shares during the period. Quantbot Technologies LP purchased a new position in Capital City Bank Group during the 2nd quarter worth $65,000. Globeflex Capital L P acquired a new stake in shares of Capital City Bank Group in the 2nd quarter worth $144,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Capital City Bank Group in the 2nd quarter worth $208,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Capital City Bank Group in the second quarter valued at about $208,000. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. Wall Street Zen upgraded shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 24th. Finally, Weiss Ratings raised Capital City Bank Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $51.75.

Capital City Bank Group Stock Performance

Shares of CCBG stock opened at $50.31 on Monday. The business’s fifty day moving average price is $49.99 and its 200 day moving average price is $47.38. The firm has a market capitalization of $861.31 million, a PE ratio of 13.75 and a beta of 0.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.78 and a quick ratio of 0.77. Capital City Bank Group has a 1-year low of $39.24 and a 1-year high of $53.60.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, October 20th. The financial services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The company had revenue of $64.39 million during the quarter, compared to the consensus estimate of $65.50 million. Capital City Bank Group had a return on equity of 11.12% and a net margin of 21.85%. As a group, sell-side analysts forecast that Capital City Bank Group will post 3.69 EPS for the current fiscal year.

Capital City Bank Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 8th. Capital City Bank Group’s dividend payout ratio (DPR) is currently 29.51%.

Capital City Bank Group 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.