Murphy Middleton Hinkle & Parker Inc. increased its position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 78.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,556 shares of the financial services provider’s stock after purchasing an additional 33,149 shares during the period. Murphy Middleton Hinkle & Parker Inc.’s holdings in Capital City Bank Group were worth $1,646,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCBG. Alliancebernstein L.P. increased its position in shares of Capital City Bank Group by 8.6% during the third quarter. Alliancebernstein L.P. now owns 36,620 shares of the financial services provider’s stock valued at $855,000 after purchasing an additional 2,891 shares during the period. BlackRock Inc. increased its position in shares of Capital City Bank Group by 0.4% during the third quarter. BlackRock Inc. now owns 913,691 shares of the financial services provider’s stock valued at $21,325,000 after purchasing an additional 3,844 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Capital City Bank Group by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 877,610 shares of the financial services provider’s stock valued at $20,483,000 after purchasing an additional 24,399 shares during the period. MetLife Investment Advisors LLC increased its position in shares of Capital City Bank Group by 56.4% during the third quarter. MetLife Investment Advisors LLC now owns 9,022 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 3,253 shares during the period. Finally, Maltese Capital Management LLC bought a new stake in shares of Capital City Bank Group during the third quarter valued at approximately $450,000. Institutional investors and hedge funds own 40.27% of the company’s stock.

In other Capital City Bank Group news, Director Laura L. Johnson bought 2,500 shares of Capital City Bank Group stock in a transaction dated Friday, March 1st. The shares were purchased at an average cost of $24.97 per share, for a total transaction of $62,425.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Treasurer Thomas A. Barron sold 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $23.53, for a total transaction of $117,650.00. Following the completion of the sale, the treasurer now owns 130,237 shares in the company, valued at $3,064,476.61. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 5,832 shares of company stock worth $142,103. Insiders own 20.90% of the company’s stock.

CCBG stock traded up $0.10 during mid-day trading on Wednesday, hitting $23.46. The company had a trading volume of 100 shares, compared to its average volume of 14,537. Capital City Bank Group, Inc. has a 12-month low of $19.92 and a 12-month high of $26.95. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.20. The stock has a market cap of $391.29 million, a P/E ratio of 18.05 and a beta of 0.76.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Tuesday, January 29th. The financial services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. Capital City Bank Group had a net margin of 17.37% and a return on equity of 7.71%. The firm had revenue of $37.59 million for the quarter, compared to the consensus estimate of $36.10 million. On average, analysts anticipate that Capital City Bank Group, Inc. will post 1.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.88%. Capital City Bank Group’s payout ratio is 33.85%.

Several brokerages have recently weighed in on CCBG. Zacks Investment Research upgraded shares of Capital City Bank Group from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Thursday, January 3rd. BidaskClub cut shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. ValuEngine cut shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Finally, Stephens reiterated a “hold” rating and set a $24.00 price target on shares of Capital City Bank Group in a research note on Wednesday, December 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.75.

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About Capital City Bank Group

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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.

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

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