Renaissance Technologies LLC Raises Stake in Capital City Bank Group $CCBG

Renaissance Technologies LLC increased its position in Capital City Bank Group (NASDAQ:CCBG) by 6.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 174,871 shares of the financial services provider’s stock after acquiring an additional 10,400 shares during the period. Renaissance Technologies LLC’s holdings in Capital City Bank Group were worth $7,600,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Inceptionr LLC acquired a new position in Capital City Bank Group in the 1st quarter valued at $510,000. Dimensional Fund Advisors LP boosted its holdings in shares of Capital City Bank Group by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 882,114 shares of the financial services provider’s stock worth $38,337,000 after purchasing an additional 3,468 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Capital City Bank Group by 6.9% during the first quarter. Inspire Investing LLC now owns 11,772 shares of the financial services provider’s stock worth $512,000 after purchasing an additional 758 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Capital City Bank Group by 32.6% in the fourth quarter. Hsbc Holdings PLC now owns 11,869 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 2,920 shares during the period. Finally, Empowered Funds LLC grew its position in shares of Capital City Bank Group by 10.4% in the fourth quarter. Empowered Funds LLC now owns 38,021 shares of the financial services provider’s stock valued at $1,619,000 after purchasing an additional 3,584 shares during the period. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Stock Performance

Shares of NASDAQ:CCBG opened at $52.46 on Tuesday. The business has a 50-day moving average of $48.55 and a two-hundred day moving average of $45.75. The firm has a market capitalization of $897.75 million, a PE ratio of 14.57 and a beta of 0.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.78. Capital City Bank Group has a 12 month low of $38.06 and a 12 month high of $53.42.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. Capital City Bank Group had a return on equity of 11.11% and a net margin of 21.37%.The business had revenue of $64.80 million for the quarter, compared to analyst estimates of $64.25 million. As a group, research analysts forecast that Capital City Bank Group will post 3.69 earnings per share for the current year.

Capital City Bank Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, June 1st. Capital City Bank Group’s payout ratio is 30.00%.

Analysts Set New Price Targets

Several equities analysts recently commented on CCBG shares. Capital One Financial set a $49.50 target price on Capital City Bank Group in a research report on Tuesday, April 21st. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a report on Wednesday, June 24th. Wall Street Zen raised shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Keefe, Bruyette & Woods increased their price objective on shares of Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Finally, Brean Capital cut shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.75.

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.