Capital City Bank Group (NASDAQ:CCBG) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Capital City Bank Group (NASDAQ:CCBG)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.89 and traded as high as $45.90. Capital City Bank Group shares last traded at $45.25, with a volume of 45,718 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Capital One Financial set a $49.50 price objective on shares of Capital City Bank Group in a research report on Tuesday, April 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a research report on Friday, March 27th. Wall Street Zen downgraded shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Brean Capital downgraded shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 21st. Finally, Keefe, Bruyette & Woods increased their price objective on shares of 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. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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 stock’s 50-day moving average is $45.75 and its 200 day moving average is $43.89. The stock has a market capitalization of $773.78 million, a PE ratio of 12.82 and a beta of 0.32.

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

Capital City Bank Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, June 1st. Capital City Bank Group’s dividend payout ratio (DPR) is 30.59%.

Institutional Trading of Capital City Bank Group

Large investors have recently bought and sold shares of the business. Teton Advisors LLC acquired a new stake in shares of Capital City Bank Group in the 3rd quarter worth $2,988,000. Legato Capital Management LLC acquired a new stake in shares of Capital City Bank Group in the 4th quarter worth $469,000. Jefferies Financial Group Inc. acquired a new stake in shares of Capital City Bank Group in the 4th quarter worth $724,000. Quantinno Capital Management LP lifted its stake in shares of 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 worth $550,000 after acquiring an additional 3,137 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Capital City Bank Group by 6.3% in the 1st quarter. Renaissance Technologies LLC now owns 174,871 shares of the financial services provider’s stock worth $7,600,000 after acquiring 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.