Capital City Bank Group (NASDAQ:CCBG) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Capital City Bank Group (NASDAQ:CCBG)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $43.89 and traded as high as $45.90. Capital City Bank Group shares last traded at $45.25, with a volume of 45,718 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently commented on CCBG. Capital One Financial set a $49.50 price objective on shares of Capital City Bank Group in a report on Tuesday, April 21st. Keefe, Bruyette & Woods upped their price objective on shares of Capital City Bank Group from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Brean Capital lowered shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $49.75.

Capital City Bank Group Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $791.90 million, a PE ratio of 13.12 and a beta of 0.32. The company’s 50-day simple moving average is $45.86 and its 200-day simple moving average is $43.98.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Monday, April 20th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. The company had revenue of $62.75 million for the quarter, compared to the consensus estimate of $63.25 million. Capital City Bank Group had a net margin of 21.01% and a return on equity of 11.10%. As a group, sell-side analysts anticipate that Capital City Bank Group will post 3.69 earnings per share for the current year.

Capital City Bank Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.27 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 2.3%. Capital City Bank Group’s dividend payout ratio (DPR) is 30.59%.

Institutional Trading of Capital City Bank Group

Several hedge funds and other institutional investors have recently made changes to their positions in CCBG. Teton Advisors LLC purchased a new stake in shares of Capital City Bank Group during the third quarter worth about $2,988,000. Legato Capital Management LLC purchased a new stake in shares of Capital City Bank Group during the fourth quarter worth about $469,000. Jefferies Financial Group Inc. purchased a new stake in shares of Capital City Bank Group during the fourth quarter worth about $724,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Capital City Bank Group during the fourth quarter worth about $232,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Capital City Bank Group by 11.4% during the third quarter. JPMorgan Chase & Co. now owns 62,766 shares of the financial services provider’s stock worth $2,623,000 after buying an additional 6,428 shares in the last quarter. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Company Profile

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.