Northern Trust Corp Has $4.98 Million Holdings in Capital City Bank Group, Inc. (NASDAQ:CCBG)

Northern Trust Corp boosted its position in shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) by 5.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 135,923 shares of the financial services provider’s stock after acquiring an additional 7,209 shares during the period. Northern Trust Corp’s holdings in Capital City Bank Group were worth $4,982,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in Capital City Bank Group by 15.4% in the 4th quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock valued at $171,000 after buying an additional 645 shares during the last quarter. Barclays PLC increased its position in shares of Capital City Bank Group by 46.8% in the third quarter. Barclays PLC now owns 53,402 shares of the financial services provider’s stock valued at $1,883,000 after acquiring an additional 17,022 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Capital City Bank Group in the fourth quarter valued at about $647,000. Bank of New York Mellon Corp raised its holdings in Capital City Bank Group by 42.7% during the fourth quarter. Bank of New York Mellon Corp now owns 77,207 shares of the financial services provider’s stock worth $2,830,000 after acquiring an additional 23,113 shares in the last quarter. Finally, Mariner LLC raised its holdings in Capital City Bank Group by 4.7% during the fourth quarter. Mariner LLC now owns 9,849 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 443 shares in the last quarter. Institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Stock Down 1.3%

Capital City Bank Group stock opened at $38.25 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The company’s 50-day moving average is $36.07 and its 200-day moving average is $36.78. The firm has a market capitalization of $652.35 million, a PE ratio of 12.26 and a beta of 0.33. Capital City Bank Group, Inc. has a fifty-two week low of $25.45 and a fifty-two week high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.24. The business had revenue of $61.45 million during the quarter, compared to analysts’ expectations of $59.75 million. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. During the same quarter last year, the company posted $0.74 earnings per share. Sell-side analysts anticipate that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current year.

Capital City Bank Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.24 per share. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Monday, March 10th. Capital City Bank Group’s payout ratio is currently 28.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CCBG shares. Keefe, Bruyette & Woods raised their price target on Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. StockNews.com downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Wednesday.

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- related 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.