Capital City Bank Group (NASDAQ:CCBG) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Capital City Bank Group, Inc. (NASDAQ:CCBG) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $35.79 and traded as high as $37.43. Capital City Bank Group shares last traded at $36.80, with a volume of 16,555 shares traded.

Analysts Set New Price Targets

Several research firms have commented on CCBG. StockNews.com raised shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 1st. Keefe, Bruyette & Woods boosted their target price on shares of Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, January 31st.

Capital City Bank Group Price Performance

The stock has a market capitalization of $623.39 million, a PE ratio of 11.79 and a beta of 0.56. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is $36.98 and its 200-day moving average price is $35.79.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. As a group, equities analysts forecast that Capital City Bank Group, Inc. will post 3.06 EPS for the current year.

Capital City Bank Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.50%. Capital City Bank Group’s payout ratio is currently 29.49%.

Institutional Trading of Capital City Bank Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of Capital City Bank Group by 43.6% in the fourth quarter. Wellington Management Group LLP now owns 230,744 shares of the financial services provider’s stock valued at $8,457,000 after acquiring an additional 70,004 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Capital City Bank Group by 18.5% in the fourth quarter. JPMorgan Chase & Co. now owns 103,554 shares of the financial services provider’s stock valued at $3,795,000 after acquiring an additional 16,158 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Capital City Bank Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 748,187 shares of the financial services provider’s stock valued at $27,421,000 after acquiring an additional 9,196 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Capital City Bank Group in the fourth quarter valued at about $359,000. Finally, American Century Companies Inc. raised its holdings in Capital City Bank Group by 33.2% in the fourth quarter. American Century Companies Inc. now owns 216,683 shares of the financial services provider’s stock worth $7,941,000 after purchasing an additional 54,059 shares in the last quarter. 44.59% of the stock is currently owned by institutional investors.

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.