State Board of Administration of Florida Retirement System Has $425,000 Position in Capital City Bank Group (CCBG)
State Board of Administration of Florida Retirement System held its stake in Capital City Bank Group (NASDAQ:CCBG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,503 shares of the financial services provider’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned approximately 0.18% of Capital City Bank Group worth $425,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Emerald Acquisition Ltd. purchased a new position in Capital City Bank Group during the second quarter valued at $104,000. Bank of New York Mellon Corp boosted its position in Capital City Bank Group by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 53,196 shares of the financial services provider’s stock valued at $740,000 after buying an additional 375 shares during the last quarter. Foundry Partners LLC boosted its position in Capital City Bank Group by 0.3% in the second quarter. Foundry Partners LLC now owns 208,925 shares of the financial services provider’s stock valued at $2,908,000 after buying an additional 625 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Capital City Bank Group by 0.4% in the first quarter. Geode Capital Management LLC now owns 66,700 shares of the financial services provider’s stock valued at $973,000 after buying an additional 233 shares during the last quarter. Institutional investors and hedge funds own 29.00% of the company’s stock.
Capital City Bank Group (NASDAQ:CCBG) traded up 0.07% during mid-day trading on Friday, hitting $14.87. The stock had a trading volume of 5,720 shares. The stock has a market capitalization of $249.86 million, a P/E ratio of 26.09 and a beta of 0.54. The company’s 50 day moving average is $14.59 and its 200-day moving average is $14.58. Capital City Bank Group has a 52 week low of $12.83 and a 52 week high of $16.05.
Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.05. Capital City Bank Group had a return on equity of 3.59% and a net margin of 7.30%. On average, analysts expect that Capital City Bank Group will post $0.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Tuesday, September 6th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, September 1st. This represents a $0.16 annualized dividend and a dividend yield of 1.08%. Capital City Bank Group’s payout ratio is 28.07%.
Separately, Zacks Investment Research upgraded Capital City Bank Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th.
In related news, Director Allan G. Bense bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were bought at an average price of $13.76 per share, with a total value of $137,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 25.23% of the company’s stock.
About Capital City Bank Group
Capital City Bank Group, Inc is a financial holding company. The Company provides a range of banking and banking-related services to individual and corporate clients through its subsidiary, Capital City Bank (the Bank), with banking offices located in Florida, Georgia and Alabama. The Company operates through commercial banking segment with over four principal services, including Banking Services, Data Processing Services, Trust and Asset Management Services, and Brokerage Services.
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