Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $36.33 and traded as high as $36.96. Capital City Bank Group shares last traded at $36.96, with a volume of 50,096 shares traded.
Analyst Upgrades and Downgrades
CCBG has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on Capital City Bank Group from $43.00 to $44.00 and gave the company an "outperform" rating in a report on Friday, January 31st. StockNews.com cut shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a research note on Friday, March 7th.
Get Our Latest Research Report on Capital City Bank Group
Capital City Bank Group Stock Up 2.2 %
The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $36.42 and a two-hundred day simple moving average of $36.37. The company has a market cap of $623.49 million, a PE ratio of 11.72 and a beta of 0.54.
Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. As a group, equities research analysts predict that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current year.
Capital City Bank Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Capital City Bank Group's previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.63%. Capital City Bank Group's dividend payout ratio is 30.77%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in Capital City Bank Group by 53.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 277 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Capital City Bank Group in the third quarter valued at about $35,000. Lazard Asset Management LLC boosted its stake in Capital City Bank Group by 30.9% during the fourth quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider's stock worth $68,000 after buying an additional 442 shares during the period. Blue Trust Inc. increased its position in shares of Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider's stock valued at $171,000 after acquiring an additional 645 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Capital City Bank Group by 48.5% in the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider's stock valued at $234,000 after acquiring an additional 2,164 shares during the period. Hedge funds and other institutional investors own 44.59% of the company's stock.
Capital City Bank Group Company Profile
(
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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.
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