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

Capital City Bank Group, Inc. (NASDAQ:CCBG - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $35.79 and traded as high as $37.43. Capital City Bank Group shares last traded at $36.80, with a volume of 16,555 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com upgraded Capital City Bank Group from a "hold" rating to a "buy" rating in a research report on Saturday, February 1st. Keefe, Bruyette & Woods boosted their target price on Capital City Bank Group from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st.

Capital City Bank Group Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The business has a 50 day moving average of $36.83 and a 200 day moving average of $35.82. The firm has a market capitalization of $626.61 million, a price-to-earnings ratio of 11.86 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.07. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. As a group, research analysts predict that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.92 dividend on an annualized basis and a yield of 2.49%. Capital City Bank Group's payout ratio is 29.49%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCBG. SG Americas Securities LLC acquired a new position in Capital City Bank Group in the third quarter valued at about $184,000. Blue Trust Inc. grew its stake in Capital City Bank Group by 1,482.3% in the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider's stock valued at $148,000 after acquiring an additional 3,928 shares during the period. Empowered Funds LLC lifted its holdings in shares of Capital City Bank Group by 5.1% in the third quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider's stock valued at $876,000 after purchasing an additional 1,206 shares in the last quarter. Capital City Trust Co. FL lifted its holdings in shares of Capital City Bank Group by 6.5% in the third quarter. Capital City Trust Co. FL now owns 150,680 shares of the financial services provider's stock valued at $5,318,000 after purchasing an additional 9,148 shares in the last quarter. Finally, Princeton Capital Management LLC lifted its holdings in shares of Capital City Bank Group by 7.0% in the third quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider's stock valued at $271,000 after purchasing an additional 500 shares in the last quarter. 44.59% of the stock is owned by institutional investors and hedge funds.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking- related services to individual and corporate clients. The company offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services.