Capital City Bank Group (NASDAQ:CCBG) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Capital City Bank Group (NASDAQ:CCBG) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $40.49 and traded as high as $42.50. Capital City Bank Group shares last traded at $41.93, with a volume of 21,448 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on CCBG. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a report on Wednesday, October 8th. Zacks Research cut Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Capital City Bank Group has a consensus rating of “Moderate Buy” and an average price target of $45.00.

Capital City Bank Group Trading Down 0.9%

The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.82. The firm’s 50 day moving average price is $41.10 and its 200 day moving average price is $40.49. The stock has a market capitalization of $715.70 million, a P/E ratio of 11.75 and a beta of 0.39.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter. The company had revenue of $60.10 million for the quarter. Capital City Bank Group had a return on equity of 11.92% and a net margin of 21.50%. As a group, equities research analysts expect that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, December 1st. Capital City Bank Group’s dividend payout ratio is currently 29.13%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in shares of Capital City Bank Group by 997.3% in the 3rd quarter. Bank of America Corp DE now owns 192,495 shares of the financial services provider’s stock worth $8,044,000 after purchasing an additional 174,953 shares during the period. Wellington Management Group LLP increased its position in shares of Capital City Bank Group by 45.2% during the third quarter. Wellington Management Group LLP now owns 413,948 shares of the financial services provider’s stock valued at $17,299,000 after buying an additional 128,926 shares during the period. Teton Advisors LLC bought a new position in Capital City Bank Group in the third quarter worth about $2,988,000. American Century Companies Inc. lifted its holdings in Capital City Bank Group by 19.0% in the first quarter. American Century Companies Inc. now owns 257,804 shares of the financial services provider’s stock worth $9,271,000 after buying an additional 41,121 shares during the period. Finally, Millennium Management LLC boosted its position in Capital City Bank Group by 667.3% during the 3rd quarter. Millennium Management LLC now owns 44,541 shares of the financial services provider’s stock valued at $1,861,000 after acquiring an additional 38,736 shares in the last quarter. 44.59% of the stock is owned by hedge funds and other institutional investors.

Capital City Bank Group Company Profile

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.