Russell Investments Group Ltd. lifted its position in shares of Capital City Bank Group (NASDAQ:CCBG) by 20.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,490 shares of the financial services provider’s stock after purchasing an additional 9,113 shares during the period. Russell Investments Group Ltd. owned 0.32% of Capital City Bank Group worth $1,092,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Capital City Bank Group by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 727,974 shares of the financial services provider’s stock worth $15,571,000 after purchasing an additional 19,729 shares during the last quarter. Vanguard Group Inc. increased its stake 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 last quarter. Renaissance Technologies LLC increased its stake in shares of Capital City Bank Group by 5.6% during the 1st quarter. Renaissance Technologies LLC now owns 121,299 shares of the financial services provider’s stock worth $2,595,000 after purchasing an additional 6,400 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Capital City Bank Group by 3.2% during the 1st 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 last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new position in shares of Capital City Bank Group during the 1st quarter worth about $1,590,000. Institutional investors own 31.39% of the company’s stock.

Capital City Bank Group (NASDAQ CCBG) traded up 1.22% on Tuesday, hitting $20.80. 21,216 shares of the stock traded hands. The stock has a 50 day moving average of $20.82 and a 200 day moving average of $20.41. Capital City Bank Group has a 52 week low of $14.13 and a 52 week high of $23.15. The firm has a market capitalization of $352.85 million, a PE ratio of 28.15 and a beta of 0.70.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.21 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $33.63 million during the quarter, compared to the consensus estimate of $33.60 million. Capital City Bank Group had a net margin of 9.27% and a return on equity of 4.49%. Equities research analysts anticipate that Capital City Bank Group will post $0.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Tuesday, September 5th will be issued a $0.07 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.28 annualized dividend and a dividend yield of 1.36%. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.05. Capital City Bank Group’s dividend payout ratio is currently 37.84%.

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Several research firms have recently weighed in on CCBG. Hovde Group boosted their price objective on shares of Capital City Bank Group from $22.50 to $23.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. BidaskClub lowered shares of Capital City Bank Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.00.

Capital City Bank Group Company 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).

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

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