Capital City Bank Group (NASDAQ:CCBG) Share Price Passes Above Two Hundred 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 Thursday . The stock has a 200-day moving average of $41.59 and traded as high as $43.64. Capital City Bank Group shares last traded at $43.30, with a volume of 39,008 shares.

Analysts Set New Price Targets

CCBG has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Monday, December 29th. Zacks Research raised Capital City Bank Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, Capital City Bank Group presently has a consensus rating of “Buy” and a consensus target price of $45.00.

Capital City Bank Group Trading Up 1.5%

The company has a market cap of $739.13 million, a price-to-earnings ratio of 12.13 and a beta of 0.36. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $42.06 and its two-hundred day simple moving average is $41.59.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results 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 11.75%. The business had revenue of $60.10 million during the quarter. On average, equities analysts predict that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, December 1st. Capital City Bank Group’s dividend payout ratio is presently 29.13%.

Institutional Trading of Capital City Bank Group

Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in shares of Capital City Bank Group during the third quarter worth about $28,000. Quarry LP acquired a new position in Capital City Bank Group during the 3rd quarter worth approximately $38,000. CWM LLC raised its stake in shares of Capital City Bank Group by 140.7% during the 3rd quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock worth $95,000 after buying an additional 1,327 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Capital City Bank Group during the 3rd quarter worth approximately $122,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Capital City Bank Group in the 2nd quarter valued at approximately $150,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Company Profile

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.