Canada Pension Plan Investment Board Buys New Shares in Capital City Bank Group $CCBG

Canada Pension Plan Investment Board bought a new position in shares of Capital City Bank Group (NASDAQ:CCBG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,800 shares of the financial services provider’s stock, valued at approximately $534,000.

Several other large investors have also recently bought and sold shares of the stock. Quarry LP bought a new position in Capital City Bank Group in the third quarter valued at approximately $38,000. Quantbot Technologies LP bought a new stake in shares of Capital City Bank Group during the 2nd quarter worth approximately $65,000. Globeflex Capital L P acquired a new stake in shares of Capital City Bank Group in the 2nd quarter valued at approximately $144,000. Raymond James Financial Inc. acquired a new stake in shares of Capital City Bank Group in the 2nd quarter valued at approximately $150,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of 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 buying an additional 3,809 shares in the last quarter. 44.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CCBG. Keefe, Bruyette & Woods upped their price target on shares of Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. Wall Street Zen raised Capital City Bank Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Capital City Bank Group currently has an average rating of “Hold” and an average target price of $51.75.

Capital City Bank Group Price Performance

Capital City Bank Group stock opened at $50.98 on Thursday. The company has a market capitalization of $872.27 million, a price-to-earnings ratio of 14.16 and a beta of 0.32. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.06. Capital City Bank Group has a 12 month low of $38.27 and a 12 month high of $53.60. The stock’s 50 day moving average is $50.94 and its 200-day moving average is $47.02.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Capital City Bank Group had a net margin of 21.37% and a return on equity of 11.11%. The company had revenue of $64.80 million during the quarter, compared to analysts’ expectations of $64.25 million. Equities research analysts expect that Capital City Bank Group will post 3.69 EPS for the current year.

Capital City Bank Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, September 8th. Capital City Bank Group’s payout ratio is currently 30.00%.

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.