Maltese Capital Management LLC Reduces Position in Capital City Bank Group $CCBG

Maltese Capital Management LLC cut its holdings in shares of Capital City Bank Group (NASDAQ:CCBG) by 30.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the financial services provider’s stock after selling 22,400 shares during the period. Maltese Capital Management LLC’s holdings in Capital City Bank Group were worth $2,128,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quarry LP bought a new position in Capital City Bank Group in the third quarter valued at about $38,000. Raymond James Financial Inc. bought a new position in Capital City Bank Group in the second quarter valued at about $150,000. Tower Research Capital LLC TRC lifted its holdings in Capital City Bank Group by 1,282.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 3,809 shares during the period. SG Americas Securities LLC lifted its holdings in Capital City Bank Group by 65.7% in the fourth quarter. SG Americas Securities LLC now owns 4,830 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 1,915 shares during the period. Finally, Vident Advisory LLC bought a new position in Capital City Bank Group in the second quarter valued at about $201,000. Institutional investors own 44.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CCBG shares. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a report on Friday, March 27th. Wall Street Zen cut Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Capital One Financial set a $49.50 price objective on Capital City Bank Group in a research note on Tuesday, April 21st. Brean Capital downgraded Capital City Bank Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 21st. Finally, Keefe, Bruyette & Woods boosted their price objective on Capital City Bank Group from $45.00 to $50.00 and gave the company a “market perform” rating in a research note 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 has a consensus rating of “Hold” and an average price target of $49.75.

Capital City Bank Group Trading Down 1.8%

Shares of NASDAQ:CCBG opened at $46.27 on Tuesday. The stock has a 50 day moving average of $46.03 and a 200 day moving average of $44.09. The company has a market cap of $791.22 million, a PE ratio of 13.11 and a beta of 0.32. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06. Capital City Bank Group has a 12-month low of $35.94 and a 12-month high of $48.78.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Monday, April 20th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. The company had revenue of $62.75 million during the quarter, compared to the consensus estimate of $63.25 million. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%. As a group, equities research analysts expect that Capital City Bank Group will post 3.69 EPS for the current year.

Capital City Bank Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.27 per share. The ex-dividend date was Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.3%. Capital City Bank Group’s payout ratio is 30.59%.

Capital City Bank Group Company 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.