Schwab Charles Investment Management Inc. Maintains Holdings in Capital City Bank Group (CCBG)

Schwab Charles Investment Management Inc. continued to hold its stake in shares of Capital City Bank Group (NASDAQ:CCBG) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,175 shares of the financial services provider’s stock at the end of the 2nd quarter. Schwab Charles Investment Management Inc. owned approximately 0.13% of Capital City Bank Group worth $453,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CCBG. Wells Fargo & Company MN raised its stake in Capital City Bank Group by 153.5% during the first quarter. Wells Fargo & Company MN now owns 22,055 shares of the financial services provider’s stock valued at $472,000 after buying an additional 13,354 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Capital City Bank Group by 3.7% during the 1st quarter. Bank of New York Mellon Corp now owns 69,523 shares of the financial services provider’s stock worth $1,487,000 after purchasing an additional 2,466 shares during the period. American International Group Inc. raised its position in shares of Capital City Bank Group by 7.2% during the 1st quarter. American International Group Inc. now owns 6,779 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 453 shares during the period. Alliancebernstein L.P. raised its position in shares of Capital City Bank Group by 1.9% during the 1st quarter. Alliancebernstein L.P. now owns 15,900 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 300 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Capital City Bank Group by 26.9% during the 1st quarter. Vanguard Group Inc. now owns 457,244 shares of the financial services provider’s stock worth $9,781,000 after purchasing an additional 96,943 shares during the period. Hedge funds and other institutional investors own 30.18% of the company’s stock.

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Capital City Bank Group (NASDAQ:CCBG) opened at $24.37 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $413.46, a price-to-earnings ratio of 29.01 and a beta of 0.65. Capital City Bank Group has a one year low of $14.29 and a one year high of $26.01.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $34.26 million during the quarter. Capital City Bank Group had a return on equity of 5.06% and a net margin of 10.35%. equities research analysts predict that Capital City Bank Group will post 0.84 earnings per share for the current year.

CCBG has been the topic of a number of research reports. Zacks Investment Research upgraded Capital City Bank Group from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $23.00 price target on shares of Capital City Bank Group in a research report on Tuesday, October 3rd. Hovde Group increased their price target on Capital City Bank Group from $22.50 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. Finally, BidaskClub lowered Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $24.33.

About Capital City Bank Group

Capital City Bank Group, Inc is a financial holding company. The Company provides a range of banking and banking-related services to individual and corporate clients through its subsidiary, Capital City Bank (CCB or the Bank), with banking offices located in Florida, Georgia and Alabama. It operates through commercial banking segment with over four principal services, including Banking Services (CCB), Data Processing Services (Capital City Services Company), Trust and Asset Management Services (Capital City Trust Company) and Brokerage Services (Capital City Banc Investments, Inc).

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Institutional Ownership by Quarter for Capital City Bank Group (NASDAQ:CCBG)

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