Royal Bank of Canada Trims Holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Royal Bank of Canada cut its stake in Capital City Bank Group, Inc. (NASDAQ:CCBG) by 18.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,000 shares of the financial services provider’s stock after selling 914 shares during the quarter. Royal Bank of Canada’s holdings in Capital City Bank Group were worth $80,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in Capital City Bank Group by 9.5% during the first quarter. BlackRock Inc. now owns 1,326,313 shares of the financial services provider’s stock worth $26,686,000 after purchasing an additional 114,656 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Capital City Bank Group by 36.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 96,328 shares of the financial services provider’s stock worth $2,938,000 after purchasing an additional 25,505 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Capital City Bank Group by 21.9% during the fourth quarter. Bank of New York Mellon Corp now owns 96,946 shares of the financial services provider’s stock worth $2,957,000 after purchasing an additional 17,392 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in Capital City Bank Group by 29.7% during the first quarter. Hillsdale Investment Management Inc. now owns 74,700 shares of the financial services provider’s stock worth $1,502,000 after purchasing an additional 17,100 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Capital City Bank Group during the first quarter worth about $293,000. Institutional investors own 40.61% of the company’s stock.

In other Capital City Bank Group news, Director Laura L. Johnson purchased 1,500 shares of Capital City Bank Group stock in a transaction that occurred on Monday, May 4th. The shares were bought at an average price of $20.45 per share, for a total transaction of $30,675.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have purchased 4,241 shares of company stock worth $80,456. 21.00% of the stock is owned by company insiders.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Capital City Bank Group from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Monday, July 6th. ValuEngine lowered Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 23rd. Finally, BidaskClub lowered Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Friday, July 10th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $26.00.

Shares of NASDAQ:CCBG opened at $18.83 on Friday. Capital City Bank Group, Inc. has a 1 year low of $15.61 and a 1 year high of $30.95. The company has a market cap of $316.53 million, a PE ratio of 10.40 and a beta of 0.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.84 and a quick ratio of 0.81. The stock’s 50-day moving average is $19.53 and its 200 day moving average is $22.10.

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

Capital City Bank Group 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.

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

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