Capital City Bank Group, Inc. (NASDAQ:CCBG) Treasurer Thomas A. Barron Sells 8,000 Shares

Capital City Bank Group, Inc. (NASDAQ:CCBG) Treasurer Thomas A. Barron sold 8,000 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $35.26, for a total value of $282,080.00. Following the completion of the sale, the treasurer now owns 143,681 shares of the company’s stock, valued at approximately $5,066,192.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Capital City Bank Group Trading Down 0.2 %

Capital City Bank Group stock opened at $35.50 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $601.37 million, a price-to-earnings ratio of 11.56 and a beta of 0.55. Capital City Bank Group, Inc. has a one year low of $25.45 and a one year high of $36.49. The company’s fifty day moving average price is $28.96 and its two-hundred day moving average price is $28.16.

Capital City Bank Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.37%. The ex-dividend date was Monday, June 10th. Capital City Bank Group’s payout ratio is 27.36%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Hovde Group increased their price objective on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods increased their price objective on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Piper Sandler lowered Capital City Bank Group from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $30.00 to $34.00 in a report on Monday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Capital City Bank Group presently has an average rating of “Hold” and an average target price of $35.80.

Hedge Funds Weigh In On Capital City Bank Group

Hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC increased its position in Capital City Bank Group by 22.3% during the first quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock worth $100,000 after buying an additional 662 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Capital City Bank Group by 29.9% in the fourth quarter. SG Americas Securities LLC now owns 6,299 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 1,449 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Capital City Bank Group in the second quarter valued at about $211,000. Los Angeles Capital Management LLC acquired a new stake in shares of Capital City Bank Group in the fourth quarter valued at about $272,000. Finally, Janus Henderson Group PLC acquired a new stake in shares of Capital City Bank Group in the first quarter valued at about $284,000. 44.59% of the stock is owned by institutional investors and hedge funds.

Capital City Bank Group Company 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.