Capital City Bank Group, Inc. (NASDAQ:CCBG) Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its stake in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 65.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,995 shares of the financial services provider’s stock after buying an additional 6,300 shares during the quarter. Gamco Investors INC. ET AL owned 0.09% of Capital City Bank Group worth $586,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CCBG. Vanguard Group Inc. boosted its stake in shares of Capital City Bank Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 748,187 shares of the financial services provider’s stock worth $27,421,000 after acquiring an additional 9,196 shares in the last quarter. State Street Corp grew its holdings in Capital City Bank Group by 1.8% in the third quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock valued at $12,049,000 after purchasing an additional 5,980 shares during the period. Geode Capital Management LLC increased its position in shares of Capital City Bank Group by 2.5% in the third quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider’s stock valued at $11,312,000 after buying an additional 7,773 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Capital City Bank Group by 43.6% during the 4th quarter. Wellington Management Group LLP now owns 230,744 shares of the financial services provider’s stock worth $8,457,000 after buying an additional 70,004 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Capital City Bank Group by 33.2% during the 4th quarter. American Century Companies Inc. now owns 216,683 shares of the financial services provider’s stock valued at $7,941,000 after buying an additional 54,059 shares in the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CCBG shares. StockNews.com downgraded shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Keefe, Bruyette & Woods lifted their price objective on Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, January 31st.

Capital City Bank Group Price Performance

Capital City Bank Group stock opened at $34.30 on Friday. The company has a fifty day simple moving average of $35.56 and a 200-day simple moving average of $36.38. The firm has a market capitalization of $584.95 million, a price-to-earnings ratio of 10.99 and a beta of 0.37. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. Capital City Bank Group, Inc. has a 52-week low of $25.45 and a 52-week high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last released 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%. On average, equities analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.24 per share. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.80%. Capital City Bank Group’s payout ratio is presently 30.77%.

Capital City Bank Group Company 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.