Capital City Bank Group $CCBG Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its holdings in shares of Capital City Bank Group (NASDAQ:CCBG) by 6.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 174,871 shares of the financial services provider’s stock after buying an additional 10,400 shares during the period. Renaissance Technologies LLC owned about 1.02% of Capital City Bank Group worth $7,600,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CCBG. Bank of America Corp DE boosted its stake in shares of Capital City Bank Group by 997.3% in the third quarter. Bank of America Corp DE now owns 192,495 shares of the financial services provider’s stock valued at $8,044,000 after buying an additional 174,953 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Capital City Bank Group by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 547,871 shares of the financial services provider’s stock worth $23,323,000 after purchasing an additional 133,923 shares during the period. Millennium Management LLC grew its stake in shares of Capital City Bank Group by 667.3% during the 3rd quarter. Millennium Management LLC now owns 44,541 shares of the financial services provider’s stock worth $1,861,000 after purchasing an additional 38,736 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Capital City Bank Group by 45.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 86,575 shares of the financial services provider’s stock valued at $3,685,000 after purchasing an additional 26,999 shares during the period. Finally, Creative Planning purchased a new stake in Capital City Bank Group during the third quarter worth about $1,019,000. 44.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CCBG. Brean Capital cut shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Keefe, Bruyette & Woods boosted 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, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a report on Wednesday, June 24th. Wall Street Zen raised Capital City Bank Group from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Capital One Financial set a $49.50 target price on Capital City Bank Group in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $51.75.

Capital City Bank Group Stock Up 1.1%

Shares of NASDAQ CCBG opened at $52.46 on Tuesday. Capital City Bank Group has a 12-month low of $38.06 and a 12-month high of $53.42. The company has a market capitalization of $897.75 million, a PE ratio of 14.57 and a beta of 0.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.78. The firm’s 50-day moving average is $48.55 and its two-hundred day moving average is $45.75.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share 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 11.11%. The business had revenue of $64.80 million during the quarter, compared to analysts’ expectations of $64.25 million. Equities analysts anticipate that Capital City Bank Group will post 3.69 EPS for the current fiscal year.

Capital City Bank Group Announces Dividend

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

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.