Capital City Bank Group (NASDAQ:CCBG) Sets New 52-Week High – What’s Next?

Capital City Bank Group (NASDAQ:CCBG) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $49.50 and last traded at $48.6060, with a volume of 831 shares changing hands. The stock had previously closed at $48.07.

Wall Street Analyst Weigh In

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

Capital City Bank Group Stock Performance

The stock has a fifty day simple moving average of $46.37 and a two-hundred day simple moving average of $44.43. 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 stock has a market capitalization of $854.66 million, a price-to-earnings ratio of 14.16 and a beta of 0.32.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Monday, April 20th. The financial services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. The company had revenue of $62.75 million for the quarter, compared to analyst estimates of $63.25 million. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%. Analysts forecast that Capital City Bank Group will post 3.69 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its stake in Capital City Bank Group by 24.1% in the 1st 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Capital City Bank Group by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock valued at $294,000 after buying an additional 327 shares in the last quarter. Empowered Funds LLC lifted 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 in the last quarter. Jane Street Group LLC purchased a new stake in shares of Capital City Bank Group in the first quarter worth about $555,000. Finally, Rhumbline Advisers boosted its position in shares of Capital City Bank Group by 4.7% in the second quarter. Rhumbline Advisers now owns 21,994 shares of the financial services provider’s stock valued at $865,000 after acquiring an additional 982 shares during the period. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

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.