Boston Partners Increases Position in Capital City Bank Group (CCBG)

Boston Partners increased its position in Capital City Bank Group (NASDAQ:CCBG) by 74.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,200 shares of the financial services provider’s stock after purchasing an additional 55,100 shares during the quarter. Boston Partners owned approximately 0.76% of Capital City Bank Group worth $3,102,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CCBG. Bank of New York Mellon Corp increased its position in Capital City Bank Group by 3.7% in the first 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. increased its position in Capital City Bank Group by 7.2% in the first 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. increased its position in Capital City Bank Group by 1.9% in the first 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. Vanguard Group Inc. increased its position in Capital City Bank Group by 26.9% in the first 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. Finally, Geode Capital Management LLC increased its position in Capital City Bank Group by 3.2% in the first quarter. Geode Capital Management LLC now owns 83,048 shares of the financial services provider’s stock worth $1,776,000 after purchasing an additional 2,589 shares during the period. Hedge funds and other institutional investors own 31.10% of the company’s stock.

Several research firms have recently issued reports on CCBG. BidaskClub lowered Capital City Bank Group from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Hovde Group boosted their target price 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. Keefe, Bruyette & Woods restated a “hold” rating and set a $23.00 target price on shares of Capital City Bank Group in a research report on Tuesday, October 3rd. ValuEngine lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Zacks Investment Research lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $24.33.

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Capital City Bank Group (CCBG) opened at $23.67 on Friday. Capital City Bank Group has a 1-year low of $17.19 and a 1-year high of $26.01. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $401.59, a PE ratio of 28.18 and a beta of 0.65.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.04. Capital City Bank Group had a return on equity of 5.06% and a net margin of 10.35%. The business had revenue of $34.26 million for the quarter. analysts forecast that Capital City Bank Group will post 0.84 earnings per share for the current fiscal year.

Capital City Bank Group Profile

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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