Martingale Asset Management L P Increases Stake in 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% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 43,254 shares of the financial services provider’s stock after buying an additional 3,146 shares during the period. Martingale Asset Management L P’s holdings in Capital City Bank Group were worth $1,526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Princeton Capital Management LLC increased its position in shares of Capital City Bank Group by 7.0% during the third quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider’s stock valued at $271,000 after buying an additional 500 shares during the period. Lazard Asset Management LLC increased its position in shares of 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 valued at $100,000 after buying an additional 662 shares during the period. Empowered Funds LLC increased its position in shares of Capital City Bank Group by 5.1% during the third quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider’s stock valued at $876,000 after buying an additional 1,206 shares during the period. Rhumbline Advisers increased its position in shares of Capital City Bank Group by 6.5% during the second quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock valued at $614,000 after buying an additional 1,316 shares during the period. Finally, Isthmus Partners LLC boosted its stake in Capital City Bank Group by 1.3% during the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,346 shares in the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Capital City Bank Group

In other news, Treasurer Thomas A. Barron sold 3,000 shares of the company’s stock in a transaction that occurred on 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. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 19.40% of the company’s stock.

Capital City Bank Group Trading Up 0.7 %

NASDAQ:CCBG opened at $39.36 on Monday. Capital City Bank Group, Inc. has a one year low of $25.45 and a one year high of $40.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The company’s 50-day simple moving average is $36.19 and its 200 day simple moving average is $32.65. The firm has a market capitalization of $666.76 million, a P/E ratio of 12.90 and a beta of 0.53.

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

Capital City Bank Group Dividend Announcement

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

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.