Capital City Bank Group (NASDAQ:CCBG) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Capital City Bank Group (NASDAQ:CCBG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.08 and traded as high as $43.10. Capital City Bank Group shares last traded at $42.74, with a volume of 88,095 shares.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CCBG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research note on Monday, December 29th. Wall Street Zen downgraded Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Capital One Financial set a $45.00 target price on Capital City Bank Group in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods lowered Capital City Bank Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $47.00 to $45.00 in a report on Wednesday, January 28th. Finally, Zacks Research downgraded Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $45.00.

Capital City Bank Group Stock Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $729.57 million, a P/E ratio of 11.87 and a beta of 0.34. The firm has a 50 day moving average price of $43.33 and a 200-day moving average price of $42.08.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.09). Capital City Bank Group had a net margin of 21.47% and a return on equity of 11.69%. The company had revenue of $63.46 million during the quarter, compared to the consensus estimate of $64.65 million. On average, research analysts predict that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, December 1st. Capital City Bank Group’s payout ratio is presently 28.89%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CCBG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 acquiring an additional 327 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Capital City Bank Group during the 3rd quarter worth about $28,000. Swiss National Bank boosted its stake in Capital City Bank Group by 2.5% during the 4th quarter. Swiss National Bank now owns 28,600 shares of the financial services provider’s stock valued at $1,218,000 after purchasing an additional 700 shares during the period. Mariner LLC grew its holdings in Capital City Bank Group by 7.8% in the 3rd quarter. Mariner LLC now owns 11,104 shares of the financial services provider’s stock valued at $464,000 after buying an additional 801 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in Capital City Bank Group by 1.1% in the 2nd 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. Institutional investors own 44.59% of the company’s stock.

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.