Inceptionr LLC Purchases Shares of 11,732 Capital City Bank Group $CCBG

Inceptionr LLC bought a new position in Capital City Bank Group (NASDAQ:CCBG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,732 shares of the financial services provider’s stock, valued at approximately $510,000. Inceptionr LLC owned about 0.07% of Capital City Bank Group as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP purchased a new position in shares of Capital City Bank Group in the third quarter worth approximately $38,000. Raymond James Financial Inc. purchased a new position in Capital City Bank Group during the 2nd quarter worth approximately $150,000. Tower Research Capital LLC TRC raised its stake in Capital City Bank Group by 1,282.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 3,809 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Capital City Bank Group by 11.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 4,200 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 420 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Capital City Bank Group by 65.7% in the fourth quarter. SG Americas Securities LLC now owns 4,830 shares of the financial services provider’s stock worth $206,000 after buying an additional 1,915 shares during the period. 44.59% of the stock is owned by institutional investors and hedge funds.

Capital City Bank Group Trading Up 1.3%

Shares of CCBG opened at $51.60 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06. The stock has a market cap of $882.36 million, a PE ratio of 14.33 and a beta of 0.31. Capital City Bank Group has a 1 year low of $38.00 and a 1 year high of $52.22. The stock has a 50 day simple moving average of $47.84 and a 200-day simple moving average of $45.34.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Capital City Bank Group had a net margin of 21.37% and a return on equity of 11.20%. The business had revenue of $63.88 million during the quarter, compared to analysts’ expectations of $64.25 million. On average, sell-side analysts predict that Capital City Bank Group will post 3.69 EPS for the current fiscal year.

Capital City Bank Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, June 1st. Capital City Bank Group’s dividend payout ratio is 30.00%.

Analysts Set New Price Targets

CCBG has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a research report on Saturday. Brean Capital lowered Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Capital One Financial set a $49.50 target price on Capital City Bank Group in a research note on Tuesday, April 21st. Keefe, Bruyette & Woods raised their price target on Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.75.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.