Capital City Bank Group (NASDAQ:CCBG) Hits New 12-Month High – Should You Buy?

Capital City Bank Group (NASDAQ:CCBG) shares hit a new 52-week high on Tuesday . The stock traded as high as $52.10 and last traded at $49.3310, with a volume of 7143 shares trading hands. The stock had previously closed at $49.63.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CCBG shares. Keefe, Bruyette & Woods upped their price target on Capital City Bank Group from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a research report on Wednesday, June 24th. Capital One Financial set a $49.50 target price on Capital City Bank Group in a research note on Tuesday, April 21st. Brean Capital downgraded Capital City Bank Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen lowered Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.75.

Capital City Bank Group Stock Performance

The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average of $46.77 and a 200-day moving average of $44.67. The stock has a market capitalization of $848.84 million, a price-to-earnings ratio of 14.11 and a beta of 0.31.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Monday, April 20th. The financial services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. The company had revenue of $62.75 million during the quarter, compared to analysts’ expectations of $63.25 million. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%. As a group, sell-side analysts predict that Capital City Bank Group will post 3.69 earnings per share for the current year.

Capital City Bank Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, June 1st. Capital City Bank Group’s dividend payout ratio (DPR) is presently 30.59%.

Hedge Funds Weigh In On Capital City Bank Group

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in Capital City Bank Group by 997.3% during the 3rd quarter. Bank of America Corp DE now owns 192,495 shares of the financial services provider’s stock valued at $8,044,000 after acquiring an additional 174,953 shares during the period. Wellington Management Group LLP increased its stake in shares of Capital City Bank Group by 32.4% in the fourth quarter. Wellington Management Group LLP now owns 547,871 shares of the financial services provider’s stock worth $23,323,000 after acquiring an additional 133,923 shares during the period. Millennium Management LLC increased its stake in shares of Capital City Bank Group by 667.3% in the third quarter. Millennium Management LLC now owns 44,541 shares of the financial services provider’s stock worth $1,861,000 after acquiring an additional 38,736 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Capital City Bank Group by 45.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 86,575 shares of the financial services provider’s stock worth $3,685,000 after purchasing an additional 26,999 shares during the last quarter. Finally, Creative Planning acquired a new position in Capital City Bank Group during the third quarter valued at $1,019,000. 44.59% of the stock is owned by hedge funds and other institutional investors.

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.