Wells Fargo & Company MN Raises Position in Capital City Bank Group (CCBG)

Wells Fargo & Company MN increased its holdings in Capital City Bank Group (NASDAQ:CCBG) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,156 shares of the financial services provider’s stock after buying an additional 101 shares during the quarter. Wells Fargo & Company MN owned about 0.13% of Capital City Bank Group worth $453,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. First Quadrant L P CA acquired a new position in Capital City Bank Group in the 2nd quarter worth approximately $102,000. American International Group Inc. boosted its position in Capital City Bank Group by 7.2% in the 1st quarter. American International Group Inc. now owns 6,779 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 453 shares in the last quarter. Acadian Asset Management LLC boosted its position in Capital City Bank Group by 19.0% in the 2nd quarter. Acadian Asset Management LLC now owns 8,992 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,438 shares in the last quarter. Rhumbline Advisers boosted its position in Capital City Bank Group by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 14,792 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 155 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in Capital City Bank Group by 1.9% in the 1st quarter. Alliancebernstein L.P. now owns 15,900 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 31.10% of the company’s stock.

Several research firms have commented on CCBG. Zacks Investment Research upgraded Capital City Bank Group from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, October 25th. Hovde Group upped their price objective on Capital City Bank Group from $22.50 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. ValuEngine lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub lowered Capital City Bank Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $23.00 price objective on shares of Capital City Bank Group in a research report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $24.33.

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Capital City Bank Group (CCBG) opened at $23.02 on Tuesday. Capital City Bank Group has a 52-week low of $15.55 and a 52-week high of $26.01. The stock has a market capitalization of $387.00, a P/E ratio of 27.16 and a beta of 0.65. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.77 and a current ratio of 0.77.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Capital City Bank Group had a return on equity of 5.06% and a net margin of 10.35%. The firm had revenue of $34.26 million for the quarter. analysts expect that Capital City Bank Group will post 0.84 earnings per share for the current fiscal year.

Capital City Bank Group 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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