Capital City Bank Group, Inc. (NASDAQ:CCBG) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. trimmed its position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 41.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,381 shares of the financial services provider’s stock after selling 13,763 shares during the period. Cornercap Investment Counsel Inc. owned approximately 0.11% of Capital City Bank Group worth $551,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CCBG. Heartland Advisors Inc. grew its stake in Capital City Bank Group by 9.6% during the first quarter. Heartland Advisors Inc. now owns 608,610 shares of the financial services provider’s stock worth $16,858,000 after buying an additional 53,450 shares during the period. Isthmus Partners LLC boosted its position in Capital City Bank Group by 50.3% during the 1st quarter. Isthmus Partners LLC now owns 107,583 shares of the financial services provider’s stock worth $2,980,000 after purchasing an additional 35,997 shares during the period. American Century Companies Inc. increased its holdings in Capital City Bank Group by 40.9% in the 2nd quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock valued at $3,201,000 after purchasing an additional 32,671 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in Capital City Bank Group in the 1st quarter valued at $585,000. Finally, Thomasville National Bank raised its position in Capital City Bank Group by 17.8% in the first quarter. Thomasville National Bank now owns 82,704 shares of the financial services provider’s stock valued at $2,291,000 after purchasing an additional 12,500 shares during the period. 44.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on CCBG shares. Hovde Group upped their price objective on shares of Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price objective on Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Piper Sandler lowered Capital City Bank Group from an “overweight” rating to a “neutral” rating and upped their target price for the company from $30.00 to $34.00 in a research report on Monday, July 29th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.80.

Capital City Bank Group Trading Up 2.4 %

Shares of NASDAQ:CCBG opened at $34.36 on Friday. Capital City Bank Group, Inc. has a fifty-two week low of $25.45 and a fifty-two week high of $36.49. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12. The company has a market cap of $582.06 million, a PE ratio of 11.19 and a beta of 0.53. The company’s 50-day moving average price is $32.80 and its 200 day moving average price is $29.22.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.12. The company had revenue of $58.88 million during the quarter, compared to analysts’ expectations of $55.15 million. Capital City Bank Group had a return on equity of 11.67% and a net margin of 19.67%.

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, September 9th. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.68%. Capital City Bank Group’s payout ratio is 29.97%.

Insider Buying and Selling at Capital City Bank Group

In related news, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction dated Tuesday, September 10th. The stock was 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 of the company’s stock, valued at approximately $4,756,424.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Treasurer Thomas A. Barron sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the transaction, the treasurer now directly owns 140,681 shares of the company’s stock, valued at $4,756,424.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Thomas A. Barron sold 8,000 shares of Capital City Bank Group stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $35.26, for a total value of $282,080.00. Following the transaction, the treasurer now directly owns 143,681 shares in the company, valued at approximately $5,066,192.06. The disclosure for this sale can be found here. 19.40% of the stock is owned by corporate insiders.

Capital City Bank Group 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.