Legato Capital Management LLC Purchases New Position in Capital City Bank Group $CCBG

Legato Capital Management LLC purchased a new stake in shares of Capital City Bank Group (NASDAQ:CCBG) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 11,006 shares of the financial services provider’s stock, valued at approximately $469,000.

Several other institutional investors also recently bought and sold shares of CCBG. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Capital City Bank Group in the fourth quarter valued at approximately $232,000. SG Americas Securities LLC increased its position in shares of Capital City Bank Group by 65.7% in the fourth quarter. SG Americas Securities LLC now owns 4,830 shares of the financial services provider’s stock valued at $206,000 after buying an additional 1,915 shares in the last quarter. Diversified Trust Co. purchased a new stake in shares of Capital City Bank Group in the fourth quarter valued at approximately $223,000. JPMorgan Chase & Co. increased its position in shares of Capital City Bank Group by 11.4% in the third quarter. JPMorgan Chase & Co. now owns 62,766 shares of the financial services provider’s stock valued at $2,623,000 after buying an additional 6,428 shares in the last quarter. Finally, PharVision Advisers LLC purchased a new stake in shares of Capital City Bank Group in the third quarter valued at approximately $248,000. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CCBG. Keefe, Bruyette & Woods boosted their price objective on Capital City Bank Group from $45.00 to $50.00 and gave the company a “market perform” rating in a research report on Tuesday, April 21st. Capital One Financial set a $49.50 price target on Capital City Bank Group in a research note on Tuesday, April 21st. Zacks Research lowered Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Brean Capital lowered Capital City Bank Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen lowered Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $49.75.

Capital City Bank Group Stock Up 0.2%

Shares of CCBG opened at $46.53 on Thursday. Capital City Bank Group has a 52-week low of $35.94 and a 52-week high of $48.78. The company has a market capitalization of $795.66 million, a PE ratio of 13.18 and a beta of 0.33. The stock has a fifty day simple moving average of $45.36 and a two-hundred day simple moving average of $43.64. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.06.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Monday, April 20th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%.The business had revenue of $62.75 million during the quarter, compared to the consensus estimate of $63.25 million. As a group, equities analysts forecast that Capital City Bank Group will post 3.69 EPS for the current year.

Capital City Bank Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.3%. Capital City Bank Group’s dividend payout ratio (DPR) is 30.59%.

Capital City Bank Group Profile

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.