Capital City Bank Group (NASDAQ:CCBG) Stock Passes Above 200 Day Moving Average – Time to Sell?

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 $44.60 and traded as high as $50.70. Capital City Bank Group shares last traded at $49.63, with a volume of 108,382 shares traded.

Analysts Set New Price Targets

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

Capital City Bank Group Stock Performance

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $46.71 and a two-hundred day moving average price of $44.64. The stock has a market cap of $848.67 million, a P/E ratio of 14.06 and a beta of 0.31.

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

Capital City Bank Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.27 per share. The ex-dividend date was Monday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 2.2%. 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 hedge funds and other institutional investors have recently modified their holdings of CCBG. Quarry LP purchased a new position in Capital City Bank Group during the third quarter valued at $38,000. Raymond James Financial Inc. bought a new position in shares of Capital City Bank Group during the 2nd quarter valued at about $150,000. Tower Research Capital LLC TRC boosted its holdings in shares of Capital City Bank Group by 1,282.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 3,809 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Capital City Bank Group by 11.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,200 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 420 shares in the last quarter. Finally, Vident Advisory LLC purchased a new position in shares of Capital City Bank Group during the second quarter valued at about $201,000. 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.