Capital City Bank Group (NASDAQ:CCBG) Hits New 52-Week High – Should You Buy?

Capital City Bank Group (NASDAQ:CCBG)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $53.60 and last traded at $52.9950, with a volume of 19744 shares trading hands. The stock had previously closed at $52.30.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CCBG shares. Brean Capital cut shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Capital One Financial set a $49.50 price objective on Capital City Bank Group in a report on Tuesday, April 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a research report on Wednesday, June 24th. Wall Street Zen raised Capital City Bank Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Keefe, Bruyette & Woods raised their price target on Capital City Bank Group from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $51.75.

Capital City Bank Group Price Performance

The company has a 50 day moving average price of $49.04 and a 200 day moving average price of $45.96. The firm has a market cap of $889.89 million, a PE ratio of 14.45 and a beta of 0.31. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.06.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. The firm had revenue of $64.80 million during the quarter, compared to the consensus estimate of $64.25 million. Capital City Bank Group had a return on equity of 11.11% and a net margin of 21.37%. On average, sell-side analysts expect that Capital City Bank Group will post 3.69 EPS for the current year.

Capital City Bank Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.27 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.1%. Capital City Bank Group’s dividend payout ratio (DPR) is currently 30.00%.

Institutional Investors Weigh In On Capital City Bank Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC grew its stake in Capital City Bank Group by 24.1% in the 1st quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider’s stock valued at $438,000 after acquiring an additional 2,362 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Capital City Bank Group by 4.2% in 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 purchasing an additional 327 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Capital City Bank Group by 8.1% in the first quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider’s stock valued at $1,010,000 after purchasing an additional 2,115 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Capital City Bank Group in the first quarter valued at approximately $555,000. Finally, Rhumbline Advisers grew its position in shares of Capital City Bank Group by 4.7% in the second quarter. Rhumbline Advisers now owns 21,994 shares of the financial services provider’s stock valued at $865,000 after purchasing an additional 982 shares during the last quarter. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

About Capital City Bank Group

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.