Capital City Bank Group (NASDAQ:CCBG) Stock: Insider William Butler Purchases 392 Shares

Capital City Bank Group (NASDAQ:CCBG) Director William Butler purchased 392 shares of the company’s stock in a transaction on Monday, October 26th. The shares were purchased at an average price of $51.07 per share, for a total transaction of $20,019.44. Following the purchase, the director owned 7,137 shares in the company, valued at approximately $364,486.59. The trade was a 5.81% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Capital City Bank Group Price Performance

Shares of CCBG stock opened at $51.22 on Wednesday. The stock’s 50-day simple moving average is $50.04 and its 200-day simple moving average is $47.09. Capital City Bank Group has a fifty-two week low of $38.55 and a fifty-two week high of $53.60.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.05. The firm had revenue of $64.39 million during the quarter, compared to analysts’ expectations of $65.50 million. As a group, equities analysts predict that Capital City Bank Group will post 3.69 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, September 8th.

Hedge Funds Weigh In On Capital City Bank Group

Institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its stake in shares of Capital City Bank Group by 42.1% in the third quarter. Nisa Investment Advisors LLC now owns 760 shares of the financial services provider’s stock worth $37,000 after buying an additional 225 shares during the last quarter. Inspire Investing LLC lifted its holdings in Capital City Bank Group by 6.9% in the first quarter. Inspire Investing LLC now owns 11,772 shares of the financial services provider’s stock valued at $512,000 after acquiring an additional 758 shares during the period. Quantbot Technologies LP acquired a new position in Capital City Bank Group in the second quarter valued at approximately $65,000. Susquehanna Fundamental Investments LLC boosted its position in Capital City Bank Group by 10.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 14,404 shares of the financial services provider’s stock worth $712,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. boosted its position in Capital City Bank Group by 1.2% in the 2nd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 145,945 shares of the financial services provider’s stock worth $7,213,000 after purchasing an additional 1,666 shares in the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CCBG shares. Weiss Ratings raised shares of Capital City Bank Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Wall Street Zen raised shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Capital City Bank Group from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $51.75.

About Capital City Bank Group

Capital City Bank Group, Inc is a financial holding company headquartered in Tallahassee, Florida. Through its principal subsidiary, Capital City Bank, the company provides banking and financial services to individuals, businesses, and public-sector organizations.

Its offerings include consumer and commercial deposit accounts, business and personal lending, mortgage services, cash-management solutions, online and mobile banking, and wealth-management services. The company also provides trust and investment services through its banking operations.

Founded in 1895, Capital City Bank Group has developed a community-banking network serving markets in North Florida and Georgia, including the Tallahassee area.