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

Capital City Bank Group (NASDAQ:CCBG) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $44.30 and traded as high as $48.17. Capital City Bank Group shares last traded at $48.07, with a volume of 80,042 shares changing hands.

Analyst Upgrades and Downgrades

CCBG has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Friday, March 27th. Keefe, Bruyette & Woods boosted their target price on shares of Capital City Bank Group from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. Brean Capital cut Capital City Bank Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 21st. Finally, Capital One Financial set a $49.50 target price on Capital City Bank Group in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $49.75.

Capital City Bank Group Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. The company’s fifty day moving average price is $46.22 and its 200 day moving average price is $44.30. The firm has a market capitalization of $822.00 million, a price-to-earnings ratio of 13.62 and a beta of 0.32.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Monday, April 20th. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. Capital City Bank Group had a net margin of 21.01% and a return on equity of 11.10%. The firm had revenue of $62.75 million for the quarter, compared to analyst estimates of $63.25 million. Equities research analysts expect that Capital City Bank Group will post 3.69 earnings per share for the current year.

Capital City Bank Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, June 1st. Capital City Bank Group’s dividend payout ratio is presently 30.59%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teton Advisors LLC bought a new stake in Capital City Bank Group in the third quarter valued at $2,988,000. Legato Capital Management LLC acquired a new stake in shares of Capital City Bank Group in the 4th quarter worth about $469,000. Jefferies Financial Group Inc. bought a new stake in Capital City Bank Group in the 4th quarter valued at about $724,000. Quantinno Capital Management LP lifted its position in Capital City Bank Group by 32.9% in the 1st quarter. Quantinno Capital Management LP now owns 12,659 shares of the financial services provider’s stock valued at $550,000 after purchasing an additional 3,137 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Capital City Bank Group by 6.3% during the 1st quarter. Renaissance Technologies LLC now owns 174,871 shares of the financial services provider’s stock valued at $7,600,000 after purchasing an additional 10,400 shares during the period. Institutional investors and hedge funds 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.