Sterling Capital Management LLC Raises Stock Holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Sterling Capital Management LLC lifted its holdings in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 4.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,082 shares of the financial services provider’s stock after purchasing an additional 394 shares during the quarter. Sterling Capital Management LLC’s holdings in Capital City Bank Group were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Capital City Bank Group during the 3rd quarter worth $35,000. Blue Trust Inc. boosted its stake in shares of Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock worth $171,000 after buying an additional 645 shares during the period. Intech Investment Management LLC purchased a new position in shares of Capital City Bank Group during the fourth quarter worth about $235,000. FMR LLC increased its position in Capital City Bank Group by 48.5% in the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 2,164 shares during the period. Finally, SG Americas Securities LLC raised its stake in Capital City Bank Group by 72.2% during the 4th quarter. SG Americas Securities LLC now owns 8,997 shares of the financial services provider’s stock valued at $330,000 after acquiring an additional 3,772 shares during the last quarter. 44.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CCBG. StockNews.com downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods lifted their price objective on shares of 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.

Capital City Bank Group Stock Up 1.2 %

Capital City Bank Group stock opened at $34.30 on Friday. The stock’s 50 day moving average price is $35.56 and its 200 day moving average price is $36.38. Capital City Bank Group, Inc. has a 1-year low of $25.45 and a 1-year high of $40.86. The company has a market cap of $584.95 million, a PE ratio of 10.99 and a beta of 0.37. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share 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, sell-side analysts predict that Capital City Bank Group, Inc. will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Increases Dividend

The business also recently declared 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.80%. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 10th. Capital City Bank Group’s dividend payout ratio (DPR) is presently 30.77%.

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.