Capital City Bank Group, Inc. (NASDAQ:CCBG) Stock Holdings Cut by Murphy Middleton Hinkle & Parker Inc.

Murphy Middleton Hinkle & Parker Inc. decreased its holdings in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,494 shares of the financial services provider’s stock after selling 1,534 shares during the quarter. Capital City Bank Group comprises about 2.2% of Murphy Middleton Hinkle & Parker Inc.’s investment portfolio, making the stock its 10th largest position. Murphy Middleton Hinkle & Parker Inc. owned about 0.68% of Capital City Bank Group worth $3,569,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Acadian Asset Management LLC increased its position in Capital City Bank Group by 17.2% during the first quarter. Acadian Asset Management LLC now owns 157,150 shares of the financial services provider’s stock valued at $4,604,000 after acquiring an additional 23,010 shares during the last quarter. Capital City Trust Co. FL grew its holdings in shares of Capital City Bank Group by 1.0% in the first quarter. Capital City Trust Co. FL now owns 149,180 shares of the financial services provider’s stock worth $4,372,000 after purchasing an additional 1,549 shares during the last quarter. New York Life Investment Management LLC bought a new position in shares of Capital City Bank Group in the first quarter worth about $469,000. SG Americas Securities LLC grew its holdings in shares of Capital City Bank Group by 11.1% in the first quarter. SG Americas Securities LLC now owns 5,098 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 510 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Capital City Bank Group by 68.8% in the first quarter. Panagora Asset Management Inc. now owns 45,688 shares of the financial services provider’s stock worth $1,339,000 after purchasing an additional 18,626 shares during the last quarter. Hedge funds and other institutional investors own 45.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on CCBG shares. Piper Sandler dropped their target price on shares of Capital City Bank Group from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Tuesday, August 15th. StockNews.com initiated coverage on shares of Capital City Bank Group in a research report on Thursday, August 17th. They set a “hold” rating for the company.

Insider Buying and Selling

In other Capital City Bank Group news, Director Laura L. Johnson purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average price of $30.53 per share, for a total transaction of $30,530.00. Following the acquisition, the director now owns 33,091 shares in the company, valued at $1,010,268.23. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 23.20% of the stock is owned by corporate insiders.

Capital City Bank Group Stock Performance

Shares of Capital City Bank Group stock traded down $0.16 during midday trading on Thursday, hitting $30.05. The company had a trading volume of 791 shares, compared to its average volume of 34,221. The stock has a market cap of $510.61 million, a price-to-earnings ratio of 9.66 and a beta of 0.60. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $31.29 and a 200 day simple moving average of $30.94. Capital City Bank Group, Inc. has a 12-month low of $28.03 and a 12-month high of $36.86.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. Capital City Bank Group had a net margin of 20.61% and a return on equity of 13.13%. The company had revenue of $67.95 million for the quarter, compared to the consensus estimate of $62.80 million. As a group, analysts predict that Capital City Bank Group, Inc. will post 3.35 earnings per share for the current fiscal year.

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 11th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Friday, September 8th. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.18. Capital City Bank Group’s dividend payout ratio is 25.97%.

About Capital City Bank Group

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking services to individual and corporate clients. The company 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.