Capital City Bank Group (NASDAQ:CCBG) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Capital City Bank Group, Inc. (NASDAQ:CCBG) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.33 and traded as high as $36.96. Capital City Bank Group shares last traded at $36.96, with a volume of 50,096 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CCBG shares. Keefe, Bruyette & Woods increased their price objective on Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, January 31st. StockNews.com lowered shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

Capital City Bank Group Stock Performance

The stock’s 50 day moving average is $36.42 and its two-hundred day moving average is $36.34. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The stock has a market cap of $610.36 million, a price-to-earnings ratio of 11.47 and a beta of 0.54.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. Analysts anticipate that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.23. Capital City Bank Group’s dividend payout ratio (DPR) is currently 30.77%.

Hedge Funds Weigh In On Capital City Bank Group

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in shares of Capital City Bank Group by 53.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider’s stock valued at $29,000 after buying an additional 277 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Capital City Bank Group by 4.5% during the fourth quarter. Sterling Capital Management LLC now owns 9,082 shares of the financial services provider’s stock valued at $333,000 after acquiring an additional 394 shares during the period. Lazard Asset Management LLC grew its position in Capital City Bank Group by 30.9% in the 4th quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 442 shares during the last quarter. Mariner LLC grew its holdings in Capital City Bank Group by 4.7% in the 4th quarter. Mariner LLC now owns 9,849 shares of the financial services provider’s stock worth $361,000 after buying an additional 443 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 645 shares during the period. 44.59% of the stock is currently owned by institutional investors.

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.