Wellington Management Group LLP Sells 70,836 Shares of Capital City Bank Group $CCBG

Wellington Management Group LLP lessened its stake in shares of Capital City Bank Group (NASDAQ:CCBG) by 13.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 457,081 shares of the financial services provider’s stock after selling 70,836 shares during the quarter. Wellington Management Group LLP’s holdings in Capital City Bank Group were worth $22,589,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCBG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Capital City Bank Group by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 327 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Capital City Bank Group by 11.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,200 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 420 shares in the last quarter. Swiss National Bank lifted its stake in Capital City Bank Group by 2.5% in the 4th quarter. Swiss National Bank now owns 28,600 shares of the financial services provider’s stock worth $1,218,000 after purchasing an additional 700 shares in the last quarter. Inspire Investing LLC boosted its holdings in Capital City Bank Group by 6.9% in the 1st quarter. Inspire Investing LLC now owns 11,772 shares of the financial services provider’s stock valued at $512,000 after purchasing an additional 758 shares during the period. Finally, Mariner LLC boosted its holdings in Capital City Bank Group by 7.8% in the 3rd quarter. Mariner LLC now owns 11,104 shares of the financial services provider’s stock valued at $464,000 after purchasing an additional 801 shares during the period. 44.59% of the stock is owned by hedge funds and other institutional investors.

Capital City Bank Group Stock Performance

Capital City Bank Group stock opened at $51.84 on Friday. Capital City Bank Group has a fifty-two week low of $38.27 and a fifty-two week high of $53.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.78 and a current ratio of 0.79. The stock has a market cap of $887.14 million, a P/E ratio of 14.40 and a beta of 0.32. The firm’s fifty day moving average price is $51.04 and its 200-day moving average price is $47.12.

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, topping the consensus estimate of $0.90 by $0.05. The company had revenue of $64.80 million during the quarter, compared to analyst estimates of $64.25 million. Capital City Bank Group had a net margin of 21.37% and a return on equity of 11.11%. On average, equities research analysts expect that Capital City Bank Group will post 3.69 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

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

Analysts Set New Price Targets

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