Martingale Asset Management L P Purchases 3,146 Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG)

Martingale Asset Management L P lifted its stake in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 7.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 43,254 shares of the financial services provider’s stock after acquiring an additional 3,146 shares during the period. Martingale Asset Management L P owned approximately 0.26% of Capital City Bank Group worth $1,526,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CCBG. Lazard Asset Management LLC lifted its holdings in shares of Capital City Bank Group by 22.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 662 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Capital City Bank Group during the 1st quarter worth $284,000. Boston Partners lifted its holdings in shares of Capital City Bank Group by 12.9% during the 1st quarter. Boston Partners now owns 18,365 shares of the financial services provider’s stock worth $509,000 after acquiring an additional 2,099 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Capital City Bank Group by 9.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 65,048 shares of the financial services provider’s stock worth $1,850,000 after acquiring an additional 5,878 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Capital City Bank Group during the 2nd quarter worth $211,000. 44.59% of the stock is owned by institutional investors.

Insider Buying and Selling at Capital City Bank Group

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the transaction, the treasurer now owns 140,681 shares in the company, valued at approximately $4,756,424.61. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 19.40% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Capital City Bank Group currently has an average rating of “Moderate Buy” and an average target price of $35.80.

Capital City Bank Group Stock Performance

Capital City Bank Group stock opened at $39.36 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $666.76 million, a PE ratio of 12.90 and a beta of 0.53. The firm has a fifty day simple moving average of $36.19 and a two-hundred day simple moving average of $32.65. Capital City Bank Group, Inc. has a twelve month low of $25.45 and a twelve month high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. The business had revenue of $68.84 million during the quarter, compared to the consensus estimate of $54.40 million. Research analysts expect that Capital City Bank Group, Inc. will post 3.05 EPS for the current year.

Capital City Bank Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, December 9th. Capital City Bank Group’s payout ratio is 30.16%.

About Capital City Bank Group

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.