Teton Advisors Inc. Has $2.77 Million Stock Position in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Teton Advisors Inc. reduced its holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,500 shares of the financial services provider’s stock after selling 2,000 shares during the period. Capital City Bank Group makes up about 1.4% of Teton Advisors Inc.’s investment portfolio, making the stock its 18th largest position. Teton Advisors Inc. owned about 0.45% of Capital City Bank Group worth $2,767,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FMR LLC increased its position in Capital City Bank Group by 48.5% during the third 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 during the period. State Street Corp increased its holdings in shares of Capital City Bank Group by 1.8% during the 3rd quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock worth $12,049,000 after purchasing an additional 5,980 shares during the period. Wellington Management Group LLP acquired a new position in shares of Capital City Bank Group during the third quarter valued at about $5,673,000. Barclays PLC lifted its stake in shares of Capital City Bank Group by 46.8% in the third quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock valued at $1,883,000 after buying an additional 17,022 shares during the period. Finally, Geode Capital Management LLC grew its position in Capital City Bank Group by 2.5% during the third quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider’s stock worth $11,312,000 after buying an additional 7,773 shares in the last quarter. 44.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on CCBG. StockNews.com cut Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Keefe, Bruyette & Woods upped their target price on Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, January 31st.

Capital City Bank Group Stock Down 0.4 %

Shares of CCBG opened at $33.01 on Tuesday. 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 company has a 50-day moving average price of $35.84 and a two-hundred day moving average price of $36.40. The stock has a market cap of $562.95 million, a price-to-earnings ratio of 10.58 and a beta of 0.37. Capital City Bank Group, Inc. has a 12 month low of $25.45 and a 12 month high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. Equities analysts predict 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 announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders 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. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.91%. Capital City Bank Group’s dividend payout ratio is presently 30.77%.

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.