Capital City Bank Group (NASDAQ:CCBG) Reaches New 12-Month High – What’s Next?

Capital City Bank Group, Inc. (NASDAQ:CCBG) hit a new 52-week high during trading on Wednesday . The company traded as high as $36.95 and last traded at $36.95, with a volume of 127 shares changing hands. The stock had previously closed at $35.69.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Hovde Group boosted their target price on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a report on Wednesday, July 24th. Piper Sandler downgraded shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $30.00 to $34.00 in a report on Monday, July 29th. StockNews.com downgraded shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price target on shares of Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $35.80.

Capital City Bank Group Stock Performance

The firm’s 50 day moving average price is $34.71 and its 200-day moving average price is $31.25. The firm has a market cap of $643.55 million, a price-to-earnings ratio of 12.47 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.01. The company had revenue of $68.84 million for the quarter, compared to analyst estimates of $54.40 million. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.45%.

Capital City Bank Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.42%. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, September 9th. Capital City Bank Group’s payout ratio is currently 30.16%.

Insiders Place Their Bets

In other news, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the sale, the treasurer now owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 19.40% of the company’s stock.

Institutional Trading of Capital City Bank Group

Several institutional investors have recently made changes to their positions in CCBG. Heartland Advisors Inc. lifted its stake in Capital City Bank Group by 9.6% during the first quarter. Heartland Advisors Inc. now owns 608,610 shares of the financial services provider’s stock worth $16,858,000 after purchasing an additional 53,450 shares during the period. Isthmus Partners LLC raised its holdings in shares of Capital City Bank Group by 50.3% in the 1st quarter. Isthmus Partners LLC now owns 107,583 shares of the financial services provider’s stock worth $2,980,000 after buying an additional 35,997 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Capital City Bank Group by 40.9% during the 2nd quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock worth $3,201,000 after buying an additional 32,671 shares during the period. State Board of Administration of Florida Retirement System acquired a new stake in Capital City Bank Group in the 1st quarter valued at $585,000. Finally, Acadian Asset Management LLC grew its position in Capital City Bank Group by 7.2% in the second quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider’s stock valued at $4,978,000 after acquiring an additional 11,742 shares during the period. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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.