Mirae Asset Global Investments Co. Ltd. Purchases New Position in Capital City Bank Group $CCBG

Mirae Asset Global Investments Co. Ltd. purchased a new position in Capital City Bank Group (NASDAQ:CCBG) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,048 shares of the financial services provider’s stock, valued at approximately $631,000.

A number of other institutional investors and hedge funds have also modified their holdings of CCBG. BlackRock Inc. purchased a new position in Capital City Bank Group in the 2nd quarter valued at approximately $83,449,000. Dimensional Fund Advisors LP grew its holdings in Capital City Bank Group by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 882,114 shares of the financial services provider’s stock valued at $38,337,000 after purchasing an additional 3,468 shares during the last quarter. Heartland Advisors Inc. acquired a new stake in Capital City Bank Group in the second quarter valued at $24,710,000. Renaissance Technologies LLC grew its holdings in Capital City Bank Group by 6.3% in the first quarter. Renaissance Technologies LLC now owns 174,871 shares of the financial services provider’s stock valued at $7,600,000 after purchasing an additional 10,400 shares during the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. increased its position in shares of Capital City Bank Group by 1.9% in the third quarter. Murphy Middleton Hinkle & Parker Inc. now owns 148,688 shares of the financial services provider’s stock valued at $7,186,000 after buying an additional 2,743 shares in the last quarter. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Price Performance

CCBG stock opened at $50.31 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.78 and a quick ratio of 0.77. The company’s 50 day simple moving average is $49.99 and its 200-day simple moving average is $47.38. Capital City Bank Group has a 12 month low of $39.24 and a 12 month high of $53.60. The firm has a market capitalization of $861.31 million, a PE ratio of 13.75 and a beta of 0.33.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. Capital City Bank Group had a return on equity of 11.12% and a net margin of 21.85%. The firm had revenue of $64.39 million during the quarter, compared to the consensus estimate of $65.50 million. Equities analysts expect that Capital City Bank Group will post 3.69 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

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

Wall Street Analyst Weigh In

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

About Capital City Bank Group

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.