Capital City Bank Group (NASDAQ:CCBG) Sets New 52-Week High – Still a Buy?

Capital City Bank Group (NASDAQ:CCBG) shares reached a new 52-week high during trading on Thursday . The company traded as high as $44.85 and last traded at $44.28, with a volume of 15278 shares. The stock had previously closed at $44.12.

Analysts Set New Price Targets

CCBG has been the subject of a number of research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Capital City Bank Group in a research report on Thursday, December 4th. Zacks Research downgraded Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $45.00.

Capital City Bank Group Trading Up 1.2%

The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $766.78 million, a price-to-earnings ratio of 12.58 and a beta of 0.37. The business’s 50-day moving average price is $41.21 and its two-hundred day moving average price is $40.82.

Capital City Bank Group (NASDAQ:CCBG) last announced its earnings results on Friday, August 4th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter. The firm had revenue of $60.10 million for the quarter. Capital City Bank Group had a net margin of 21.50% and a return on equity of 11.75%. Equities analysts expect that Capital City Bank Group will post 3.06 earnings per share for the current year.

Capital City Bank Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, December 1st. Capital City Bank Group’s dividend payout ratio is presently 29.13%.

Institutional Trading of Capital City Bank Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new position in shares of Capital City Bank Group during the 3rd quarter worth about $28,000. Quarry LP acquired a new position in Capital City Bank Group during the third quarter worth approximately $38,000. US Bancorp DE raised its stake in Capital City Bank Group by 224.7% during the first quarter. US Bancorp DE now owns 1,143 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 791 shares during the period. CWM LLC boosted its holdings in shares of Capital City Bank Group by 140.7% in the 3rd quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 1,327 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Capital City Bank Group in the 3rd quarter valued at $122,000. 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 operates as the financial holding company for Capital City Bank that provides a range of banking- related services to individual and corporate clients. The company offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services.