Capital City Bank Group, Inc. (NASDAQ:CCBG) Stock Position Decreased by Heartland Advisors Inc.

Heartland Advisors Inc. decreased its position in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 600,850 shares of the financial services provider’s stock after selling 6,060 shares during the quarter. Capital City Bank Group comprises 1.2% of Heartland Advisors Inc.’s investment portfolio, making the stock its 15th largest holding. Heartland Advisors Inc. owned 3.55% of Capital City Bank Group worth $22,021,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Capital City Bank Group by 18.5% in the 4th quarter. JPMorgan Chase & Co. now owns 103,554 shares of the financial services provider’s stock valued at $3,795,000 after acquiring an additional 16,158 shares in the last quarter. Vanguard Group Inc. raised its holdings in Capital City Bank Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 748,187 shares of the financial services provider’s stock worth $27,421,000 after acquiring an additional 9,196 shares during the period. KLP Kapitalforvaltning AS bought a new position in Capital City Bank Group in the 4th quarter worth $359,000. American Century Companies Inc. boosted its holdings in Capital City Bank Group by 33.2% during the fourth quarter. American Century Companies Inc. now owns 216,683 shares of the financial services provider’s stock valued at $7,941,000 after acquiring an additional 54,059 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of Capital City Bank Group in the fourth quarter worth about $235,000. Institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Stock Up 0.4 %

CCBG opened at $36.61 on Friday. The company has a market capitalization of $624.35 million, a P/E ratio of 11.73 and a beta of 0.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The firm’s fifty day moving average price is $36.52 and its two-hundred day moving average price is $36.40. Capital City Bank Group, Inc. has a fifty-two week low of $25.45 and a fifty-two week high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. On average, analysts anticipate that Capital City Bank Group, Inc. will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.62%. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.23. Capital City Bank Group’s payout ratio is presently 30.77%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price objective on Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. StockNews.com lowered shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Friday, March 7th.

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.