Capital City Bank Group (NASDAQ:CCBG) Shares Cross Above 200-Day Moving Average – What’s Next?

Capital City Bank Group (NASDAQ:CCBG)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $37.59 and traded as high as $40.71. Capital City Bank Group shares last traded at $40.46, with a volume of 22,386 shares changing hands.

Wall Street Analysts Forecast Growth

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

Capital City Bank Group Trading Down 0.5%

The stock has a market capitalization of $690.65 million, a PE ratio of 11.83 and a beta of 0.41. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $39.71 and a 200-day moving average price of $37.59.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share (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 the consensus estimate of $62.35 million. Capital City Bank Group had a return on equity of 11.56% and a net margin of 20.86%.During the same period last year, the business posted $0.83 EPS. Sell-side analysts expect that Capital City Bank Group will post 3.06 earnings per share for the current year.

Capital City Bank Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 9th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, June 9th. Capital City Bank Group’s dividend payout ratio is currently 28.07%.

Institutional Trading of Capital City Bank Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCBG. Wellington Management Group LLP increased its holdings in Capital City Bank Group by 43.6% during 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 buying an additional 70,004 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. lifted its position in shares of Capital City Bank Group by 38.6% during the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 160,191 shares of the financial services provider’s stock valued at $5,760,000 after buying an additional 44,572 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Capital City Bank Group by 19.0% during the 1st quarter. American Century Companies Inc. now owns 257,804 shares of the financial services provider’s stock valued at $9,271,000 after buying an additional 41,121 shares in the last quarter. Nuveen LLC purchased a new position in shares of Capital City Bank Group during the 1st quarter valued at about $1,199,000. Finally, Axecap Investments LLC purchased a new position in shares of Capital City Bank Group during the 1st quarter valued at about $883,000. 44.59% of the stock is 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.