Thomasville National Bank Lowers Holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG)

by · The Cerbat Gem

Thomasville National Bank cut its holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG – Free Report) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,250 shares of the financial services provider’s stock after selling 750 shares during the period. Thomasville National Bank owned 0.23% of Capital City Bank Group worth $1,385,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Isthmus Partners LLC raised its holdings in shares of Capital City Bank Group by 1.3% during the 2nd quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,346 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Capital City Bank Group by 22.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 662 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Capital City Bank Group during the 3rd quarter worth approximately $184,000. Princeton Capital Management LLC purchased a new stake in Capital City Bank Group during the 2nd quarter valued at $204,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Capital City Bank Group during the 2nd quarter valued at $211,000. 44.59% of the stock is owned by hedge funds and other institutional investors.

Capital City Bank Group Stock Performance

Shares of Capital City Bank Group stock opened at $34.66 on Monday. The stock’s fifty day moving average is $33.68 and its two-hundred day moving average is $30.20. The company has a market capitalization of $587.24 million, a PE ratio of 11.29 and a beta of 0.53. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12. Capital City Bank Group, Inc. has a 52 week low of $25.45 and a 52 week high of $36.67.

Capital City Bank Group (NASDAQ:CCBG – Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.71 by $0.12. The company had revenue of $58.88 million for the quarter, compared to the consensus estimate of $55.15 million. Capital City Bank Group had a return on equity of 11.67% and a net margin of 19.67%.

Capital City Bank Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were given a dividend of $0.23 per share. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, September 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.65%. Capital City Bank Group’s dividend payout ratio is presently 29.97%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CCBG. Keefe, Bruyette & Woods increased their price target on Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Piper Sandler lowered Capital City Bank Group from an “overweight” rating to a “neutral” rating and increased their price target for the company from $30.00 to $34.00 in a report on Monday, July 29th. Finally, Hovde Group increased their price target on Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.80.

Check Out Our Latest Stock Analysis on Capital City Bank Group

Insider Transactions at Capital City Bank Group

In other news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the transaction, the treasurer now owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Treasurer Thomas A. Barron sold 8,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $35.26, for a total transaction of $282,080.00. Following the completion of the sale, the treasurer now directly owns 143,681 shares in the company, valued at $5,066,192.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Treasurer Thomas A. Barron sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total value of $101,430.00. Following the sale, the treasurer now owns 140,681 shares of the company’s stock, valued at $4,756,424.61. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 19.40% of the company’s stock.

Capital City Bank Group Company Profile

(Free Report)

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking- related services to individual and corporate clients. The company offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services.

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