Integrated Quantitative Investments LLC Buys New Shares in Capital City Bank Group $CCBG

Integrated Quantitative Investments LLC bought a new position in shares of Capital City Bank Group (NASDAQ:CCBG) in the 2nd quarter, Holdings Channel.com reports. The fund bought 8,542 shares of the financial services provider’s stock, valued at approximately $336,000.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in Capital City Bank Group by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 333,319 shares of the financial services provider’s stock valued at $13,118,000 after purchasing an additional 5,186 shares in the last quarter. Inspire Investing LLC raised its holdings in Capital City Bank Group by 7.8% in the second quarter. Inspire Investing LLC now owns 33,117 shares of the financial services provider’s stock valued at $1,303,000 after acquiring an additional 2,393 shares in the last quarter. KLP Kapitalforvaltning AS increased its position in shares of Capital City Bank Group by 18.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 20,100 shares of the financial services provider’s stock valued at $791,000 after purchasing an additional 3,200 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Capital City Bank Group in the 1st quarter valued at $555,000. Finally, Empowered Funds LLC lifted its position in shares of Capital City Bank Group by 8.1% during the 1st quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider’s stock worth $1,010,000 after purchasing an additional 2,115 shares during the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Trading Down 0.1%

CCBG opened at $40.84 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. Capital City Bank Group has a 52 week low of $32.38 and a 52 week high of $44.69. The business’s 50 day moving average is $41.58 and its two-hundred day moving average is $40.28. The firm has a market cap of $697.10 million, a price-to-earnings ratio of 11.44 and a beta of 0.39.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Friday, August 4th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter. The business had revenue of $60.10 million for the quarter. Capital City Bank Group had a net margin of 21.50% and a return on equity of 11.92%. On average, research analysts predict that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Monday, September 8th were paid a $0.26 dividend. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, September 8th. Capital City Bank Group’s dividend payout ratio (DPR) is presently 29.13%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CCBG shares. Keefe, Bruyette & Woods lifted their price target on Capital City Bank Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

About Capital City Bank Group

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.