Assenagon Asset Management S.A. Invests $260,000 in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Assenagon Asset Management S.A. acquired a new position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,400 shares of the financial services provider’s stock, valued at approximately $260,000. Assenagon Asset Management S.A. owned approximately 0.07% of Capital City Bank Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Capital City Bank Group by 9.5% during the 1st quarter. BlackRock Inc. now owns 1,326,313 shares of the financial services provider’s stock worth $26,686,000 after acquiring an additional 114,656 shares in the last quarter. State Street Corp raised its holdings in shares of Capital City Bank Group by 4.1% during the 1st quarter. State Street Corp now owns 296,606 shares of the financial services provider’s stock worth $5,968,000 after acquiring an additional 11,671 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Capital City Bank Group by 6.0% during the 1st quarter. Geode Capital Management LLC now owns 198,727 shares of the financial services provider’s stock worth $3,998,000 after acquiring an additional 11,295 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Capital City Bank Group by 8.0% during the 1st quarter. Acadian Asset Management LLC now owns 112,725 shares of the financial services provider’s stock worth $2,268,000 after acquiring an additional 8,362 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Capital City Bank Group by 21.9% during the 4th quarter. Bank of New York Mellon Corp now owns 96,946 shares of the financial services provider’s stock valued at $2,957,000 after purchasing an additional 17,392 shares during the last quarter. 40.61% of the stock is currently owned by institutional investors and hedge funds.

In other Capital City Bank Group news, Director Laura L. Johnson acquired 1,500 shares of the business’s stock in a transaction on Monday, May 4th. The shares were bought at an average price of $20.45 per share, with a total value of $30,675.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 4,241 shares of company stock worth $80,456 in the last ninety days. 21.00% of the stock is currently owned by corporate insiders.

Shares of Capital City Bank Group stock opened at $18.83 on Friday. The stock’s fifty day moving average is $19.53 and its two-hundred day moving average is $22.10. The company has a market capitalization of $316.53 million, a PE ratio of 10.40 and a beta of 0.92. The company has a quick ratio of 0.81, a current ratio of 0.84 and a debt-to-equity ratio of 0.18. Capital City Bank Group, Inc. has a 52 week low of $15.61 and a 52 week high of $30.95.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.25. The company had revenue of $55.66 million for the quarter, compared to the consensus estimate of $42.80 million. Capital City Bank Group had a return on equity of 9.36% and a net margin of 16.59%. As a group, research analysts anticipate that Capital City Bank Group, Inc. will post 1.5 earnings per share for the current year.

CCBG has been the topic of several analyst reports. ValuEngine downgraded Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 23rd. Zacks Investment Research raised Capital City Bank Group from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, July 6th. Finally, BidaskClub downgraded Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Friday, July 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.00.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services.

Further Reading: Strike Price

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

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