Truist Financial Corp Has $10.26 Million Stock Position in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Truist Financial Corp lowered its holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 0.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 279,804 shares of the financial services provider’s stock after selling 1,000 shares during the period. Truist Financial Corp’s holdings in Capital City Bank Group were worth $10,255,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in Capital City Bank Group in the 3rd quarter valued at approximately $35,000. Blue Trust Inc. grew its holdings in Capital City Bank Group by 1,482.3% in the 3rd quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after buying an additional 3,928 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Capital City Bank Group during the 3rd quarter worth approximately $184,000. FMR LLC grew its holdings in shares of Capital City Bank Group by 48.5% during the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 2,164 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Capital City Bank Group during the 3rd quarter worth approximately $235,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Trading Down 0.8 %

Shares of CCBG opened at $36.43 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. Capital City Bank Group, Inc. has a 52-week low of $25.45 and a 52-week high of $40.86. The stock has a fifty day moving average price of $36.69 and a two-hundred day moving average price of $35.88. The company has a market cap of $617.12 million, a price-to-earnings ratio of 11.68 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data 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 return on equity of 11.45% and a net margin of 19.55%. Analysts predict that Capital City Bank Group, Inc. will post 3.06 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. StockNews.com upgraded Capital City Bank Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 1st. Keefe, Bruyette & Woods raised their target price on Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st.

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.