Teton Advisors LLC Purchases Shares of 71,500 Capital City Bank Group $CCBG

Teton Advisors LLC acquired a new position in shares of Capital City Bank Group (NASDAQ:CCBG) in the 3rd quarter, HoldingsChannel reports. The fund acquired 71,500 shares of the financial services provider’s stock, valued at approximately $2,988,000. Capital City Bank Group makes up 1.8% of Teton Advisors LLC’s investment portfolio, making the stock its 12th largest position.

Several other large investors also recently made changes to their positions in CCBG. State of Alaska Department of Revenue purchased a new position in shares of Capital City Bank Group in the 3rd quarter valued at $28,000. CWM LLC boosted its position in Capital City Bank Group by 140.7% during the 3rd quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 1,327 shares during the period. SG Americas Securities LLC purchased a new stake in Capital City Bank Group during the 3rd quarter worth $122,000. Raymond James Financial Inc. acquired a new stake in Capital City Bank Group in the 2nd quarter valued at $150,000. Finally, Tower Research Capital LLC TRC raised its position in Capital City Bank Group by 1,282.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 3,809 shares during the period. Institutional investors and hedge funds own 44.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CCBG. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Monday, December 29th. Capital One Financial set a $45.00 target price on Capital City Bank Group in a research note on Wednesday, January 28th. Keefe, Bruyette & Woods lowered Capital City Bank Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $47.00 to $45.00 in a research report on Wednesday, January 28th. Wall Street Zen raised Capital City Bank Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Zacks Research downgraded shares of Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $45.00.

Capital City Bank Group Price Performance

CCBG stock opened at $42.76 on Friday. The stock’s 50 day moving average is $43.07 and its two-hundred day moving average is $42.42. Capital City Bank Group has a 52-week low of $32.38 and a 52-week high of $46.83. The company has a market capitalization of $733.33 million, a PE ratio of 11.88 and a beta of 0.32. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.08.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, January 27th. The financial services provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.09). Capital City Bank Group had a net margin of 21.47% and a return on equity of 11.55%. The business had revenue of $63.46 million for the quarter, compared to analysts’ expectations of $64.65 million. Analysts predict that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be issued a $0.27 dividend. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, March 9th. Capital City Bank Group’s dividend payout ratio is currently 28.89%.

About Capital City Bank Group

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.