Capital City Bank Group (NASDAQ:CCBG) Stock Breaks Above 200-Day Moving Average – Should You Sell?

Capital City Bank Group (NASDAQ:CCBG – Get Free Report) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $47.79 and traded as high as $50.75. Capital City Bank Group shares last traded at $49.73, with a volume of 77,374 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Capital City Bank Group from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a report on Monday. Finally, Wall Street Zen upgraded shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $51.75.

Read Our Latest Analysis on Capital City Bank Group

Capital City Bank Group Price Performance

The company has a market cap of $843.84 million, a price-to-earnings ratio of 13.70 and a beta of 0.32. The company has a fifty day simple moving average of $51.27 and a two-hundred day simple moving average of $47.84. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.06.

Capital City Bank Group (NASDAQ:CCBG – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. The business had revenue of $64.80 million during the quarter, compared to the consensus estimate of $64.25 million. Capital City Bank Group had a return on equity of 11.11% and a net margin of 21.37%. On average, equities research analysts anticipate that Capital City Bank Group will post 3.69 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were given a $0.27 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $1.08 annualized dividend and a dividend yield of 2.2%. Capital City Bank Group’s dividend payout ratio is currently 30.00%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Capital City Bank Group during the second quarter worth about $83,449,000. Heartland Advisors Inc. purchased a new position in shares of Capital City Bank Group during the second quarter valued at approximately $24,710,000. Bank of New York Mellon Corp acquired a new stake in Capital City Bank Group during the second quarter worth approximately $3,865,000. Bank of America Corp DE purchased a new stake in Capital City Bank Group in the 2nd quarter worth approximately $3,695,000. Finally, Empowered Funds LLC purchased a new stake in Capital City Bank Group in the 2nd quarter worth approximately $2,220,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

About Capital City Bank Group

(Get Free Report)

Capital City Bank Group, Inc is a bank holding company headquartered in Tallahassee, Florida. Through its principal subsidiary, Capital City Bank, the company provides banking and financial services to individuals, families, businesses and governmental entities.

Its services include deposit accounts, consumer and commercial lending, residential mortgages, treasury management, online and mobile banking, investment and trust services, and other wealth-management solutions. The bank also offers services designed to support small businesses and commercial customers, including lines of credit, real estate financing and cash-management tools.

Founded in 1895, Capital City Bank has built a regional presence in North Florida and parts of Georgia, operating through community banking offices and digital channels.

Further Reading

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