Capital City Bank Group (NASDAQ:CCBG) Shares Cross Above 200 Day Moving Average – Here’s Why

Capital City Bank Group (NASDAQ:CCBG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $38.30 and traded as high as $43.76. Capital City Bank Group shares last traded at $43.71, with a volume of 33,455 shares.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CCBG shares. Wall Street Zen cut shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods increased their price target on shares of Capital City Bank Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $45.00.

Capital City Bank Group Stock Up 1.2%

The stock’s fifty day moving average price is $41.36 and its 200 day moving average price is $38.30. The stock has a market cap of $746.00 million, a P/E ratio of 12.78 and a beta of 0.39. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.05. The firm had revenue of $63.20 million for the quarter, compared to analyst estimates of $62.35 million. Capital City Bank Group had a net margin of 20.86% and a return on equity of 11.56%. During the same quarter in the prior year, the firm earned $0.83 EPS. As a group, research analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Monday, September 8th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, September 8th. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 2.4%. Capital City Bank Group’s dividend payout ratio (DPR) is currently 30.41%.

Institutional Trading of Capital City Bank Group

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its position in Capital City Bank Group by 53.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider’s stock valued at $29,000 after buying an additional 277 shares during the period. US Bancorp DE boosted its position in Capital City Bank Group by 224.7% during the first quarter. US Bancorp DE now owns 1,143 shares of the financial services provider’s stock valued at $41,000 after buying an additional 791 shares during the period. Lazard Asset Management LLC boosted its position in Capital City Bank Group by 30.9% during the fourth quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider’s stock valued at $68,000 after buying an additional 442 shares during the period. Raymond James Financial Inc. purchased a new stake in Capital City Bank Group during the second quarter valued at about $150,000. Finally, Tower Research Capital LLC TRC boosted its position in Capital City Bank Group by 1,282.5% during the second quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider’s stock valued at $162,000 after buying an additional 3,809 shares during the period. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

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.