Capital City Bank Group (NASDAQ:CCBG) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Capital City Bank Group (NASDAQ:CCBG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.08 and traded as high as $43.10. Capital City Bank Group shares last traded at $42.74, with a volume of 88,095 shares.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Zacks Research cut Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “buy (b)” rating on shares of Capital City Bank Group in a report on Monday, December 29th. Keefe, Bruyette & Woods lowered Capital City Bank Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $47.00 to $45.00 in a research note on Wednesday, January 28th. Wall Street Zen downgraded shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Finally, Capital One Financial set a $45.00 price target on shares of Capital City Bank Group in a report on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.00.

Capital City Bank Group Trading Up 0.2%

The firm has a fifty day moving average of $43.35 and a 200 day moving average of $42.10. The firm has a market capitalization of $730.89 million, a PE ratio of 11.89 and a beta of 0.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.09). The company had revenue of $63.46 million during the quarter, compared to analysts’ expectations of $64.65 million. Capital City Bank Group had a return on equity of 11.69% and a net margin of 21.47%. Equities research analysts expect that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, December 1st. Capital City Bank Group’s dividend payout ratio (DPR) is presently 28.89%.

Hedge Funds Weigh In On Capital City Bank Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in Capital City Bank Group by 24.1% in the first quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider’s stock valued at $438,000 after purchasing an additional 2,362 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Capital City Bank Group by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 327 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Capital City Bank Group by 8.1% during the 1st quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider’s stock valued at $1,010,000 after buying an additional 2,115 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Capital City Bank Group during the 1st quarter valued at approximately $555,000. Finally, KLP Kapitalforvaltning AS grew its position in shares of Capital City Bank Group by 18.9% during the second quarter. KLP Kapitalforvaltning AS now owns 20,100 shares of the financial services provider’s stock worth $791,000 after buying an additional 3,200 shares in the last quarter. 44.59% of the stock is owned by hedge funds and other institutional investors.

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.