Capital City Bank Group (NASDAQ:CCBG) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

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 $39.16 and traded as high as $43.42. Capital City Bank Group shares last traded at $42.67, with a volume of 59,641 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Capital City Bank Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $45.00.

Capital City Bank Group Price Performance

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 $728.38 million, a price-to-earnings ratio of 12.48 and a beta of 0.35. The business’s fifty day simple moving average is $41.97 and its 200 day simple moving average is $39.16.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.83 by $0.05. The company had revenue of $63.20 million during 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. On average, research analysts forecast that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Monday, September 8th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.4%. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, September 8th. Capital City Bank Group’s payout ratio is 30.41%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Capital City Bank Group by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock valued at $294,000 after buying an additional 327 shares during the last quarter. Isthmus Partners LLC boosted its stake in Capital City Bank Group by 0.7% during the 1st quarter. Isthmus Partners LLC now owns 85,761 shares of the financial services provider’s stock valued at $3,084,000 after purchasing an additional 616 shares during the last quarter. US Bancorp DE boosted its position in shares of 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 last quarter. Panagora Asset Management Inc. boosted its position in shares of Capital City Bank Group by 1.1% during the second quarter. Panagora Asset Management Inc. now owns 77,009 shares of the financial services provider’s stock valued at $3,030,000 after buying an additional 837 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Capital City Bank Group by 4.7% during the second quarter. Rhumbline Advisers now owns 21,994 shares of the financial services provider’s stock valued at $865,000 after buying an additional 982 shares during the last quarter. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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.