Capital City Bank Group (NASDAQ:CCBG) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Capital City Bank Group (NASDAQ:CCBG)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $46.17 and traded as high as $53.46. Capital City Bank Group shares last traded at $52.49, with a volume of 54,349 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research report on Wednesday, June 24th. Brean Capital cut shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 21st. Wall Street Zen raised Capital City Bank Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Capital One Financial set a $49.50 price target on Capital City Bank Group in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Capital City Bank Group has a consensus rating of “Hold” and an average target price of $51.75.

Capital City Bank Group Stock Performance

The stock has a market cap of $898.10 million, a price-to-earnings ratio of 14.58 and a beta of 0.31. The company’s 50 day simple moving average is $49.80 and its 200 day simple moving average is $46.21. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.78 and a current ratio of 0.79.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The company had revenue of $64.80 million during the quarter, compared to analyst estimates of $64.25 million. Capital City Bank Group had a net margin of 21.37% and a return on equity of 11.11%. On average, equities research analysts anticipate that Capital City Bank Group will post 3.69 earnings per share for the current year.

Capital City Bank Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 annualized dividend and a yield of 2.1%. Capital City Bank Group’s payout ratio is presently 30.00%.

Hedge Funds Weigh In On Capital City Bank Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Capital City Bank Group by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 327 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Capital City Bank Group by 11.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 4,200 shares of the financial services provider’s stock valued at $179,000 after buying an additional 420 shares during the period. Swiss National Bank lifted its holdings in shares of Capital City Bank Group by 2.5% in the fourth quarter. Swiss National Bank now owns 28,600 shares of the financial services provider’s stock valued at $1,218,000 after buying an additional 700 shares during the period. Inspire Investing LLC boosted its stake in Capital City Bank Group by 6.9% during the first quarter. Inspire Investing LLC now owns 11,772 shares of the financial services provider’s stock valued at $512,000 after buying an additional 758 shares in the last quarter. Finally, Mariner LLC grew its holdings in Capital City Bank Group by 7.8% during the third quarter. Mariner LLC now owns 11,104 shares of the financial services provider’s stock worth $464,000 after acquiring an additional 801 shares during the period. 44.59% of the stock is owned by institutional investors.

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.