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

Capital City Bank Group (NASDAQ:CCBG) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.08 and traded as high as $43.10. Capital City Bank Group shares last traded at $42.74, with a volume of 88,095 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CCBG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research report on Monday, December 29th. Keefe, Bruyette & Woods lowered shares of Capital City Bank Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $47.00 to $45.00 in a research report on Wednesday, January 28th. Wall Street Zen lowered shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Capital One Financial set a $45.00 target price on shares of Capital City Bank Group in a research note on Wednesday, January 28th. Finally, Zacks Research lowered Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $45.00.

Capital City Bank Group Stock Up 0.5%

The firm has a market cap of $729.57 million, a price-to-earnings ratio of 11.87 and a beta of 0.34. The business’s 50-day moving average is $43.33 and its 200-day moving average is $42.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.09). Capital City Bank Group had a net margin of 21.47% and a return on equity of 11.69%. The firm had revenue of $63.46 million during the quarter, compared to analyst estimates of $64.65 million. On average, equities analysts predict that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, December 1st. Capital City Bank Group’s dividend payout ratio (DPR) is currently 28.89%.

Institutional Trading of Capital City Bank Group

Large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new stake in shares of Capital City Bank Group in the third quarter valued at $28,000. Quarry LP bought a new stake in Capital City Bank Group during the 3rd quarter worth about $38,000. CWM LLC increased its position in 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 acquiring an additional 1,327 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Capital City Bank Group in the third quarter worth about $122,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Capital City Bank Group during the second quarter worth approximately $150,000. Institutional investors own 44.59% of the company’s stock.

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.