Bank of New York Mellon Corp Purchases 2,466 Shares of Capital City Bank Group (NASDAQ:CCBG)

Bank of New York Mellon Corp boosted its stake in Capital City Bank Group (NASDAQ:CCBG) by 3.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,523 shares of the financial services provider’s stock after buying an additional 2,466 shares during the period. Bank of New York Mellon Corp owned about 0.41% of Capital City Bank Group worth $1,487,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CCBG. Russell Investments Group Ltd. bought a new stake in shares of Capital City Bank Group during the fourth quarter worth approximately $154,000. State Street Corp boosted its stake in shares of Capital City Bank Group by 5.9% in the fourth quarter. State Street Corp now owns 203,149 shares of the financial services provider’s stock worth $4,160,000 after buying an additional 11,270 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Capital City Bank Group by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 708,245 shares of the financial services provider’s stock worth $14,505,000 after buying an additional 6,366 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Capital City Bank Group by 5.1% in the fourth quarter. Renaissance Technologies LLC now owns 114,899 shares of the financial services provider’s stock worth $2,353,000 after buying an additional 5,600 shares during the period. Finally, Metropolitan Life Insurance Co. NY bought a new stake in shares of Capital City Bank Group during the fourth quarter worth approximately $172,000. 30.68% of the stock is owned by hedge funds and other institutional investors.

Shares of Capital City Bank Group (CCBG) traded down 1.84% during trading on Friday, hitting $20.31. The company had a trading volume of 28,031 shares. Capital City Bank Group has a 12-month low of $13.73 and a 12-month high of $23.15. The stock has a market capitalization of $344.54 million, a price-to-earnings ratio of 27.48 and a beta of 0.74. The stock has a 50-day moving average of $20.93 and a 200 day moving average of $20.46.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, July 25th. The financial services provider reported $0.21 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.21. The business had revenue of $33.63 million during the quarter, compared to the consensus estimate of $33.60 million. Capital City Bank Group had a return on equity of 4.49% and a net margin of 9.27%. On average, analysts predict that Capital City Bank Group will post $0.82 EPS for the current fiscal year.

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A number of analysts have recently commented on CCBG shares. Stephens reaffirmed a “hold” rating on shares of Capital City Bank Group in a research note on Tuesday, April 25th. Zacks Investment Research raised Capital City Bank Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. BidaskClub cut Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Hovde Group upped their price target on Capital City Bank Group from $22.50 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. Capital City Bank Group presently has a consensus rating of “Hold” and a consensus price target of $23.00.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a financial holding company. The Company provides a range of banking and banking-related services to individual and corporate clients through its subsidiary, Capital City Bank (CCB or the Bank), with banking offices located in Florida, Georgia and Alabama. It operates through commercial banking segment with over four principal services, including Banking Services (CCB), Data Processing Services (Capital City Services Company), Trust and Asset Management Services (Capital City Trust Company) and Brokerage Services (Capital City Banc Investments, Inc).

Institutional Ownership by Quarter for Capital City Bank Group (NASDAQ:CCBG)

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