Heartland Advisors Inc. Has $22.02 Million Position in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Heartland Advisors Inc. lessened its position in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 1.0% during the fourth quarter, Holdings Channel reports. 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 approximately 1.2% of Heartland Advisors Inc.’s portfolio, making the stock its 15th largest holding. Heartland Advisors Inc.’s holdings in Capital City Bank Group were worth $22,021,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CCBG. Wilmington Savings Fund Society FSB bought a new stake in Capital City Bank Group during the third quarter worth about $35,000. Blue Trust Inc. lifted its stake in Capital City Bank Group by 15.4% in the 4th quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 645 shares during the last quarter. FMR LLC increased its position in Capital City Bank Group by 48.5% during the third quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after buying an additional 2,164 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Capital City Bank Group in the third quarter valued at approximately $235,000. Finally, Intech Investment Management LLC bought a new position in shares of Capital City Bank Group during the 4th quarter worth approximately $235,000. Institutional investors own 44.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CCBG shares. StockNews.com cut shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Keefe, Bruyette & Woods upped their price target on shares of Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, January 31st.

Capital City Bank Group Stock Performance

NASDAQ CCBG opened at $36.61 on Friday. The firm has a 50-day moving average price of $36.52 and a two-hundred day moving average price of $36.40. Capital City Bank Group, Inc. has a 12-month low of $25.45 and a 12-month high of $40.86. 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 quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current year.

Capital City Bank Group Increases Dividend

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