Capital City Bank Group (NASDAQ:CCBG) Stock Passes Above 200-Day Moving Average – Time to Sell?

Capital City Bank Group (NASDAQ:CCBG) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $42.39 and traded as high as $44.84. Capital City Bank Group shares last traded at $44.68, with a volume of 47,421 shares traded.

Analysts Set New Price Targets

Several analysts have issued reports on CCBG shares. Capital One Financial set a $45.00 price objective on shares of Capital City Bank Group in a research note on Wednesday, January 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a research note on Friday, March 27th. Zacks Research downgraded shares of Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Wall Street Zen downgraded shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Finally, Keefe, Bruyette & Woods downgraded shares of Capital City Bank Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $47.00 to $45.00 in a research note on Wednesday, January 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.00.

Capital City Bank Group Stock Up 1.1%

The company’s fifty day simple moving average is $42.76 and its 200-day simple moving average is $42.39. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market capitalization of $766.35 million, a PE ratio of 12.41 and a beta of 0.30.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.09). Capital City Bank Group had a return on equity of 11.55% and a net margin of 21.47%.The firm had revenue of $63.46 million during the quarter, compared to analysts’ expectations of $64.65 million. On average, analysts forecast that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, March 9th. Capital City Bank Group’s dividend payout ratio is presently 30.00%.

Institutional Investors Weigh In On Capital City Bank Group

Hedge funds have recently added to or reduced their stakes in the business. Bailard Inc. purchased a new stake in Capital City Bank Group in the third quarter valued at $736,000. Teton Advisors LLC purchased a new stake in Capital City Bank Group in the third quarter valued at $2,988,000. SummerHaven Investment Management LLC purchased a new stake in Capital City Bank Group in the third quarter valued at $852,000. CWM LLC boosted its holdings in Capital City Bank Group by 140.7% in the third quarter. CWM LLC now owns 2,270 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 1,327 shares during the last quarter. Finally, Hohimer Wealth Management LLC acquired a new position in shares of Capital City Bank Group in the second quarter worth about $201,000. 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 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.