Teton Advisors LLC Buys Shares of 71,500 Capital City Bank Group $CCBG

Teton Advisors LLC purchased a new position in Capital City Bank Group (NASDAQ:CCBG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 71,500 shares of the financial services provider’s stock, valued at approximately $2,988,000. Capital City Bank Group comprises about 1.8% of Teton Advisors LLC’s portfolio, making the stock its 12th biggest holding. Teton Advisors LLC owned approximately 0.42% of Capital City Bank Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Capital City Bank Group by 1.6% during the second quarter. Geode Capital Management LLC now owns 333,319 shares of the financial services provider’s stock valued at $13,118,000 after acquiring an additional 5,186 shares during the last quarter. American Century Companies Inc. increased its position in Capital City Bank Group by 13.8% during the 2nd quarter. American Century Companies Inc. now owns 293,407 shares of the financial services provider’s stock worth $11,546,000 after purchasing an additional 35,603 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Capital City Bank Group by 1.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 102,106 shares of the financial services provider’s stock valued at $4,018,000 after purchasing an additional 1,935 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in Capital City Bank Group by 1.1% in 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. Finally, Bridgeway Capital Management LLC lifted its holdings in Capital City Bank Group by 4.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 67,891 shares of the financial services provider’s stock valued at $2,672,000 after purchasing an additional 2,640 shares in the last quarter. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

Capital City Bank Group Price Performance

Shares of Capital City Bank Group stock opened at $42.76 on Friday. The business’s fifty day moving average price is $43.07 and its 200 day moving average price is $42.42. Capital City Bank Group has a twelve month low of $32.38 and a twelve month high of $46.83. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $733.33 million, a P/E ratio of 11.88 and a beta of 0.32.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.09). The firm had revenue of $63.46 million for the quarter, compared to analyst estimates of $64.65 million. Capital City Bank Group had a return on equity of 11.55% and a net margin of 21.47%. As a group, research analysts anticipate that Capital City Bank Group will post 3.06 earnings per share for the current year.

Capital City Bank Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, March 9th. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.26. Capital City Bank Group’s dividend payout ratio (DPR) is presently 28.89%.

Analysts Set New Price Targets

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

About Capital City Bank Group

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.