Capital City Bank Group (NASDAQ:CCBG) hit a new 52-week high on Wednesday following a dividend announcement from the company. The stock traded as high as $19.02 and last traded at $18.92, with a volume of 27,082 shares traded. The stock had previously closed at $18.79.

The newly announced dividend which will be paid on Monday, December 19th. Stockholders of record on Monday, December 5th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 1.03%. Capital City Bank Group’s payout ratio is 24.62%.

Separately, Zacks Investment Research raised Capital City Bank Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th.

The company’s 50 day moving average is $15.78 and its 200 day moving average is $14.89. The firm has a market cap of $326.39 million, a price-to-earnings ratio of 30.02 and a beta of 0.67.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. Capital City Bank Group had a net margin of 8.18% and a return on equity of 4.01%. Analysts anticipate that Capital City Bank Group will post $0.66 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of CCBG. SG Americas Securities LLC purchased a new stake in shares of Capital City Bank Group during the third quarter valued at $102,000. Emerald Acquisition Ltd. purchased a new stake in shares of Capital City Bank Group during the second quarter valued at $104,000. O Shaughnessy Asset Management LLC increased its stake in shares of Capital City Bank Group by 418.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 11,474 shares of the financial services provider’s stock valued at $160,000 after buying an additional 9,260 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of Capital City Bank Group by 13.7% in the second quarter. Panagora Asset Management Inc. now owns 15,095 shares of the financial services provider’s stock valued at $210,000 after buying an additional 1,813 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Capital City Bank Group by 6.2% in the second quarter. Alliancebernstein L.P. now owns 15,400 shares of the financial services provider’s stock valued at $214,000 after buying an additional 900 shares during the last quarter. 29.65% of the stock is currently owned by institutional investors.

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Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a financial holding company. The Company provides a range of banking and banking-related services to individual and corporate clients through its subsidiary, Capital City Bank (the Bank), with banking offices located in Florida, Georgia and Alabama. The Company operates through commercial banking segment with over four principal services, including Banking Services, Data Processing Services, Trust and Asset Management Services, and Brokerage Services.

5 Day Chart for NASDAQ:CCBG

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