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 during mid-day trading on Tuesday . The company 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 Analyst Weigh In

A number of research firms have recently commented on CCBG. Brean Capital cut shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Capital One Financial set a $49.50 price objective on shares of Capital City Bank Group in a 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 report on Sunday, May 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Wednesday, June 24th. Finally, Keefe, Bruyette & Woods raised their target price 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. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $49.75.

Capital City Bank Group Trading Up 0.2%

The company has a market capitalization of $848.84 million, a PE ratio of 14.11 and a beta of 0.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.79. The company’s fifty day moving average is $46.77 and its 200-day moving average is $44.67.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Monday, April 20th. The financial services provider reported $0.92 earnings per share 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 analyst estimates of $63.25 million. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%. On average, analysts anticipate that Capital City Bank Group will post 3.69 EPS for the current fiscal year.

Capital City Bank Group Announces Dividend

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

Hedge Funds Weigh In On Capital City Bank Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its position in shares of Capital City Bank Group by 9.7% during the first quarter. Empowered Funds LLC now owns 41,716 shares of the financial services provider’s stock valued at $1,813,000 after buying an additional 3,695 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Capital City Bank Group by 32.9% in the 1st quarter. Quantinno Capital Management LP now owns 12,659 shares of the financial services provider’s stock valued at $550,000 after buying an additional 3,137 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Capital City Bank Group by 6.3% in the 1st quarter. Renaissance Technologies LLC now owns 174,871 shares of the financial services provider’s stock worth $7,600,000 after buying an additional 10,400 shares during the last quarter. Inceptionr LLC purchased a new position in shares of Capital City Bank Group in the 1st quarter worth approximately $510,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Capital City Bank Group by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 882,114 shares of the financial services provider’s stock worth $38,337,000 after buying an additional 3,468 shares during the last quarter. Hedge funds and other 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.