Capital City Bank Group (NASDAQ:CCBG) Sets New 52-Week High – Should You Buy?

Capital City Bank Group (NASDAQ:CCBG) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $52.46 and last traded at $52.4410, with a volume of 14971 shares trading hands. The stock had previously closed at $51.60.

Wall Street Analysts Forecast Growth

CCBG has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a report on Wednesday, June 24th. Capital One Financial set a $49.50 price objective on shares of Capital City Bank Group in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a research note on Saturday. Keefe, Bruyette & Woods lifted 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 research note on Wednesday, July 22nd. Finally, Brean Capital lowered Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.75.

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 firm has a 50 day moving average price of $47.84 and a 200 day moving average price of $45.36. The stock has a market cap of $885.85 million, a PE ratio of 14.38 and a beta of 0.31.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Capital City Bank Group had a net margin of 21.37% and a return on equity of 11.20%. The company had revenue of $64.80 million during the quarter, compared to analyst estimates of $64.25 million. As a group, research analysts forecast that Capital City Bank Group will post 3.69 earnings per share for the current year.

Capital City Bank Group Dividend Announcement

The firm 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 2.1%. The ex-dividend date of this dividend was Monday, June 1st. Capital City Bank Group’s dividend payout ratio is presently 30.00%.

Hedge Funds Weigh In On Capital City Bank Group

Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in Capital City Bank Group by 0.4% in the first 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 in the last quarter. Wellington Management Group LLP boosted its position in Capital City Bank Group by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 547,871 shares of the financial services provider’s stock valued at $23,323,000 after acquiring an additional 133,923 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Capital City Bank Group by 997.3% in the 3rd quarter. Bank of America Corp DE now owns 192,495 shares of the financial services provider’s stock valued at $8,044,000 after acquiring an additional 174,953 shares during the period. Renaissance Technologies LLC increased its holdings 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 valued at $7,600,000 after acquiring an additional 10,400 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Capital City Bank Group by 45.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 86,575 shares of the financial services provider’s stock worth $3,685,000 after acquiring an additional 26,999 shares in the last quarter. 44.59% of the stock is owned by hedge funds and other institutional investors.

About Capital City Bank Group

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.