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

Capital City Bank Group (NASDAQ:CCBG)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $40.49 and traded as high as $42.50. Capital City Bank Group shares last traded at $41.93, with a volume of 21,448 shares traded.

Analyst Ratings Changes

Several research firms have recently weighed in on CCBG. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Wednesday, October 8th. Zacks Research cut shares of Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

Capital City Bank Group Trading Down 0.9%

The stock’s 50 day simple moving average is $41.10 and its 200 day simple moving average is $40.49. The firm has a market cap of $715.70 million, a PE ratio of 11.75 and a beta of 0.39. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Friday, August 4th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter. Capital City Bank Group had a net margin of 21.50% and a return on equity of 11.92%. The company had revenue of $60.10 million during the quarter. On average, sell-side analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.04 annualized dividend and a yield of 2.5%. Capital City Bank Group’s payout ratio is 29.13%.

Hedge Funds Weigh In On Capital City Bank Group

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Capital City Bank Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 759,811 shares of the financial services provider’s stock worth $27,323,000 after buying an additional 11,624 shares in the last quarter. Nuveen LLC purchased a new position in shares of Capital City Bank Group during the first quarter worth approximately $1,199,000. American Century Companies Inc. lifted its holdings in shares of Capital City Bank Group by 19.0% in the 1st quarter. American Century Companies Inc. now owns 257,804 shares of the financial services provider’s stock worth $9,271,000 after acquiring an additional 41,121 shares during the last quarter. Integrated Quantitative Investments LLC bought a new stake in shares of Capital City Bank Group in the 2nd quarter worth approximately $336,000. Finally, US Bancorp DE boosted its stake in shares of Capital City Bank Group by 224.7% in the 1st quarter. US Bancorp DE now owns 1,143 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 791 shares in the last quarter. 44.59% of the stock is owned by hedge funds and other 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.