Capital City Bank Group, Inc. (NASDAQ:CCBG) Stake Cut by Truist Financial Corp

Truist Financial Corp reduced its holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,804 shares of the financial services provider’s stock after selling 1,000 shares during the period. Truist Financial Corp owned about 1.65% of Capital City Bank Group worth $10,255,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Princeton Capital Management LLC lifted its stake in Capital City Bank Group by 7.0% in the 3rd quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 500 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Capital City Bank Group by 15.4% during the 4th quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 645 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Capital City Bank Group during the 3rd quarter worth about $35,000. Empowered Funds LLC raised its stake in shares of Capital City Bank Group by 4.7% during the 4th quarter. Empowered Funds LLC now owns 25,964 shares of the financial services provider’s stock worth $952,000 after purchasing an additional 1,155 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Capital City Bank Group by 48.5% during the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 2,164 shares in the last quarter. 44.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their price target on Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. StockNews.com raised Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 1st.

Capital City Bank Group Stock Down 0.8 %

Shares of CCBG stock opened at $36.43 on Friday. The stock’s 50 day simple moving average is $36.69 and its 200 day simple moving average is $35.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. Capital City Bank Group, Inc. has a twelve month low of $25.45 and a twelve month high of $40.86. The company has a market capitalization of $617.12 million, a price-to-earnings ratio of 11.68 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. As a group, research analysts predict that Capital City Bank Group, Inc. will post 3.06 EPS for the current year.

Capital City Bank Group Profile

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.