Capital City Bank Group $CCBG Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance lowered its stake in shares of Capital City Bank Group (NASDAQ:CCBG) by 63.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 14,721 shares of the financial services provider’s stock after selling 26,000 shares during the period. Independent Advisor Alliance owned about 0.09% of Capital City Bank Group worth $615,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Capital City Bank Group by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock worth $294,000 after acquiring an additional 327 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Capital City Bank Group during the 3rd quarter worth approximately $28,000. Panagora Asset Management Inc. increased its holdings in shares of Capital City Bank Group by 1.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 77,009 shares of the financial services provider’s stock valued at $3,030,000 after purchasing an additional 837 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Capital City Bank Group by 4.7% during the 2nd quarter. Rhumbline Advisers now owns 21,994 shares of the financial services provider’s stock valued at $865,000 after purchasing an additional 982 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Capital City Bank Group by 140.7% during the 3rd quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 1,327 shares in the last quarter. Institutional investors and hedge funds own 44.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CCBG. Keefe, Bruyette & Woods lowered shares of Capital City Bank Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $47.00 to $45.00 in a research report on Wednesday, January 28th. Zacks Research cut Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Capital One Financial set a $45.00 price target on Capital City Bank Group in a research note on Wednesday, January 28th. Wall Street Zen downgraded Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Capital City Bank Group has a consensus rating of “Hold” and a consensus price target of $45.00.

Capital City Bank Group Trading Up 1.0%

Shares of CCBG opened at $43.25 on Thursday. Capital City Bank Group has a 52-week low of $32.38 and a 52-week high of $46.83. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average is $43.24 and its two-hundred day moving average is $42.01. The stock has a market cap of $738.28 million, a PE ratio of 12.01 and a beta of 0.34.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.09). The business had revenue of $63.46 million during the quarter, compared to analyst estimates of $64.65 million. Capital City Bank Group had a net margin of 21.47% and a return on equity of 11.69%. Research analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, December 1st. Capital City Bank Group’s dividend payout ratio (DPR) is 28.89%.

Capital City Bank Group 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.