Capital City Bank Group (NASDAQ:CCBG) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Capital City Bank Group (NASDAQ:CCBG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.60 and traded as high as $50.70. Capital City Bank Group shares last traded at $49.63, with a volume of 108,382 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CCBG shares. Keefe, Bruyette & Woods upped their price target on Capital City Bank Group from $45.00 to $50.00 and gave the company a “market perform” rating 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 report on Tuesday, April 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a report on Wednesday, June 24th. Wall Street Zen lowered shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Finally, Capital One Financial set a $49.50 price objective on shares of Capital City Bank Group in a research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.75.

Capital City Bank Group Price Performance

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $848.67 million, a price-to-earnings ratio of 14.06 and a beta of 0.31. The stock’s 50 day moving average price is $46.62 and its two-hundred day moving average price is $44.60.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Monday, April 20th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. The business had revenue of $62.75 million during 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 anticipate that Capital City Bank Group will post 3.69 EPS for the current fiscal year.

Capital City Bank Group Announces Dividend

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

Institutional Investors Weigh In On Capital City Bank Group

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Capital City Bank Group by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 882,114 shares of the financial services provider’s stock valued at $38,337,000 after buying an additional 3,468 shares in the last quarter. Wellington Management Group LLP increased its holdings in Capital City Bank Group by 32.4% in the fourth quarter. Wellington Management Group LLP now owns 547,871 shares of the financial services provider’s stock worth $23,323,000 after buying an additional 133,923 shares during the last quarter. Bank of America Corp DE raised its position in Capital City Bank Group by 997.3% during the third quarter. Bank of America Corp DE now owns 192,495 shares of the financial services provider’s stock valued at $8,044,000 after acquiring an additional 174,953 shares in the last quarter. Renaissance Technologies LLC raised its position in Capital City Bank Group by 6.3% during the first quarter. Renaissance Technologies LLC now owns 174,871 shares of the financial services provider’s stock valued at $7,600,000 after acquiring an additional 10,400 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Capital City Bank Group by 45.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 86,575 shares of the financial services provider’s stock valued at $3,685,000 after acquiring an additional 26,999 shares during the last quarter. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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.