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

Capital City Bank Group (NASDAQ:CCBG) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $47.50 and traded as high as $51.05. Capital City Bank Group shares last traded at $50.59, with a volume of 60,750 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a report on Wednesday, June 24th. Finally, Wall Street Zen raised shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.75.

Capital City Bank Group Stock Performance

The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. The company has a 50 day simple moving average of $51.21 and a 200-day simple moving average of $47.55. The stock has a market capitalization of $856.63 million, a price-to-earnings ratio of 13.88 and a beta of 0.32.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The firm had revenue of $64.80 million for the quarter, compared to analysts’ expectations of $64.25 million. Capital City Bank Group had a return on equity of 11.11% and a net margin of 21.37%. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.08 annualized dividend and a yield of 2.2%. Capital City Bank Group’s dividend payout ratio is currently 30.00%.

Institutional Investors Weigh In On Capital City Bank Group

Several hedge funds and other institutional investors have recently bought and sold shares of CCBG. Quantbot Technologies LP acquired a new position in shares of Capital City Bank Group during the second quarter valued at about $65,000. Globeflex Capital L P acquired a new stake in shares of Capital City Bank Group in the 2nd quarter valued at about $144,000. The Manufacturers Life Insurance Company bought a new stake in Capital City Bank Group in the 2nd quarter valued at about $208,000. Public Employees Retirement System of Ohio bought a new stake in Capital City Bank Group in the 2nd quarter valued at about $208,000. Finally, Jupiter Topco LLC acquired a new position in Capital City Bank Group during the 2nd quarter worth approximately $292,000. 44.59% of the stock is owned by institutional investors.

About Capital City Bank Group

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.