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

Capital City Bank Group (NASDAQ:CCBG)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $45.75 and traded as high as $52.78. Capital City Bank Group shares last traded at $52.46, with a volume of 94,277 shares changing hands.

Wall Street Analysts Forecast Growth

CCBG has been the topic of a number of recent research reports. Brean Capital cut Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a report on Wednesday, June 24th. Wall Street Zen upgraded Capital City Bank Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Keefe, Bruyette & Woods increased their price target on Capital City Bank Group from $52.00 to $54.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. Finally, Capital One Financial set a $49.50 price target on Capital City Bank Group in a research note 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $51.75.

Capital City Bank Group Trading Down 0.7%

The company’s 50-day moving average is $48.67 and its 200 day moving average is $45.81. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.06. The firm has a market cap of $894.85 million, a PE ratio of 14.53 and a beta of 0.31.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. Capital City Bank Group had a net margin of 21.37% and a return on equity of 11.11%. The firm had revenue of $64.80 million for the quarter, compared to analysts’ expectations of $64.25 million. As a group, sell-side analysts predict that Capital City Bank Group will post 3.69 EPS for the current year.

Capital City Bank Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.1%. Capital City Bank Group’s payout ratio is currently 30.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in Capital City Bank Group by 0.4% during 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 acquiring an additional 3,468 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of 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 purchasing an additional 133,923 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of 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 worth $8,044,000 after purchasing an additional 174,953 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of 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 worth $7,600,000 after purchasing an additional 10,400 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Capital City Bank Group by 45.3% during 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 purchasing an additional 26,999 shares in the last quarter. 44.59% of the stock is owned by institutional investors and hedge funds.

About Capital City Bank Group

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.