Capital City Bank Group, Inc. (NASDAQ:CCBG) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 43.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 230,744 shares of the financial services provider’s stock after buying an additional 70,004 shares during the quarter. Wellington Management Group LLP owned about 1.36% of Capital City Bank Group worth $8,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. lifted its holdings in shares of Capital City Bank Group by 15.4% during the 4th quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 645 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Capital City Bank Group during the 3rd quarter valued at about $35,000. Empowered Funds LLC raised its holdings in shares of Capital City Bank Group by 4.7% during the 4th quarter. Empowered Funds LLC now owns 25,964 shares of the financial services provider’s stock valued at $952,000 after buying an additional 1,155 shares during the period. FMR LLC lifted its position in Capital City Bank Group by 48.5% during the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 2,164 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Capital City Bank Group by 72.2% in the 4th quarter. SG Americas Securities LLC now owns 8,997 shares of the financial services provider’s stock worth $330,000 after acquiring an additional 3,772 shares during the period. 44.59% of the stock is owned by institutional investors and hedge funds.

Capital City Bank Group Stock Performance

Shares of CCBG opened at $33.34 on Friday. Capital City Bank Group, Inc. has a 52-week low of $25.45 and a 52-week high of $40.86. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The firm has a market cap of $568.58 million, a price-to-earnings ratio of 10.69 and a beta of 0.37. The business’s 50 day moving average is $36.04 and its two-hundred day moving average is $36.41.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. Analysts forecast that Capital City Bank Group, Inc. will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.24 dividend. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Monday, March 10th. Capital City Bank Group’s payout ratio is currently 30.77%.

Analyst Upgrades and Downgrades

CCBG has been the topic of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price on shares of Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. StockNews.com lowered shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

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.