Capital City Bank Group (NASDAQ:CCBG) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Capital City Bank Group (NASDAQ:CCBG) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.39 and traded as high as $43.42. Capital City Bank Group shares last traded at $43.37, with a volume of 77,027 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen upgraded Capital City Bank Group from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research downgraded Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research note on Monday, December 29th. Capital One Financial set a $45.00 price target on Capital City Bank Group in a report on Wednesday, January 28th. Finally, Keefe, Bruyette & Woods downgraded Capital City Bank Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $47.00 to $45.00 in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $45.00.

Capital City Bank Group Price Performance

The company’s 50-day moving average price is $42.91 and its 200-day moving average price is $42.39. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. The firm has a market cap of $743.80 million, a price-to-earnings ratio of 12.05 and a beta of 0.32.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.09). Capital City Bank Group had a net margin of 21.47% and a return on equity of 11.55%. The business had revenue of $63.46 million during the quarter, compared to analyst estimates of $64.65 million. On average, equities research analysts forecast that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.08 annualized dividend and a yield of 2.5%. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.26. Capital City Bank Group’s dividend payout ratio is 30.00%.

Institutional Trading of Capital City Bank Group

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its stake in shares of Capital City Bank Group by 24.1% in the first quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider’s stock valued at $438,000 after acquiring an additional 2,362 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Capital City Bank Group by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 327 shares during the period. Empowered Funds LLC increased its holdings in Capital City Bank Group by 8.1% during the 1st quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider’s stock worth $1,010,000 after purchasing an additional 2,115 shares during the period. Jane Street Group LLC acquired a new stake in Capital City Bank Group in the 1st quarter valued at about $555,000. Finally, Geode Capital Management LLC boosted its stake in shares of Capital City Bank Group by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 333,319 shares of the financial services provider’s stock valued at $13,118,000 after buying an additional 5,186 shares during the period. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.