Capital City Bank Group (NASDAQ:CCBG) Reaches New 12-Month High – What’s Next?

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

Wall Street Analysts Forecast Growth

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

Capital City Bank Group Price Performance

The stock has a market capitalization of $756.54 million, a PE ratio of 12.41 and a beta of 0.37. 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 stock’s fifty day moving average is $41.10 and its 200-day moving average is $40.74.

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

Capital City Bank Group Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.04 dividend on an annualized basis and a yield of 2.3%. Capital City Bank Group’s dividend payout ratio (DPR) is currently 29.13%.

Institutional Trading of Capital City Bank Group

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Capital City Bank Group by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 759,811 shares of the financial services provider’s stock worth $27,323,000 after buying an additional 11,624 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Capital City Bank Group by 45.2% in the third quarter. Wellington Management Group LLP now owns 413,948 shares of the financial services provider’s stock worth $17,299,000 after acquiring an additional 128,926 shares during the last quarter. Geode Capital Management LLC raised its stake in Capital City Bank Group by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 333,319 shares of the financial services provider’s stock valued at $13,118,000 after purchasing an additional 5,186 shares during the last quarter. American Century Companies Inc. lifted its holdings in Capital City Bank Group by 13.8% in the 2nd quarter. American Century Companies Inc. now owns 293,407 shares of the financial services provider’s stock valued at $11,546,000 after purchasing an additional 35,603 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Capital City Bank Group by 997.3% in the 3rd quarter. Bank of America Corp DE now owns 192,495 shares of the financial services provider’s stock valued at $8,044,000 after purchasing an additional 174,953 shares in the last quarter. Institutional investors and hedge funds own 44.59% of the company’s stock.

About Capital City Bank Group

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.