Capital City Bank Group (NASDAQ:CCBG) Shares Cross 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 Monday . The stock has a 200-day moving average of $31.14 and traded as high as $34.88. Capital City Bank Group shares last traded at $34.75, with a volume of 26,561 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Hovde Group increased their target price on Capital City Bank Group from $30.00 to $37.00 and gave the company a "market perform" rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their target price on shares of Capital City Bank Group from $37.00 to $38.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Piper Sandler lowered shares of Capital City Bank Group from an "overweight" rating to a "neutral" rating and upped their price target for the company from $30.00 to $34.00 in a report on Monday, July 29th. Finally, StockNews.com raised shares of Capital City Bank Group from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $35.80.

Capital City Bank Group Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50 day moving average of $34.62 and a 200 day moving average of $31.20. The company has a market cap of $604.59 million, a PE ratio of 11.70 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.01. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.45%. The firm had revenue of $68.84 million for the quarter, compared to analysts' expectations of $54.40 million.

Capital City Bank Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Monday, September 9th. This is a positive change from Capital City Bank Group's previous quarterly dividend of $0.21. Capital City Bank Group's dividend payout ratio (DPR) is 30.16%.

Insider Buying and Selling at Capital City Bank Group

In related news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the sale, the treasurer now directly owns 140,681 shares of the company's stock, valued at approximately $4,756,424.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 19.40% of the stock is owned by company insiders.

Institutional Trading of Capital City Bank Group

Institutional investors and hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC increased its holdings in Capital City Bank Group by 22.3% in the 1st quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider's stock worth $100,000 after buying an additional 662 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Capital City Bank Group by 6.5% during the second quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider's stock valued at $614,000 after purchasing an additional 1,316 shares during the last quarter. Isthmus Partners LLC lifted its position in Capital City Bank Group by 1.3% during the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 1,346 shares during the period. Panagora Asset Management Inc. boosted its holdings in Capital City Bank Group by 2.8% in the second quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider's stock worth $2,221,000 after purchasing an additional 2,093 shares during the last quarter. Finally, Boston Partners grew its position in Capital City Bank Group by 12.9% in the 1st quarter. Boston Partners now owns 18,365 shares of the financial services provider's stock worth $509,000 after purchasing an additional 2,099 shares during the period. Institutional investors own 44.59% of the company's stock.

About Capital City Bank Group

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.