Capital City Bank Group (CCBG) Hits New 12-Month High at $24.79
Shares of Capital City Bank Group (NASDAQ:CCBG) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $24.79 and last traded at $24.79, with a volume of 3,821 shares traded. The stock had previously closed at $24.45.
A number of analysts have recently issued reports on CCBG shares. BidaskClub lowered Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Hovde Group lifted their target price on Capital City Bank Group from $22.50 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $23.00 target price on shares of Capital City Bank Group in a research report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. Capital City Bank Group has an average rating of “Hold” and a consensus price target of $23.00.
The firm’s 50 day moving average is $22.00 and its 200 day moving average is $20.83. The stock has a market capitalization of $422.23 million, a PE ratio of 33.68 and a beta of 0.68.
Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Capital City Bank Group had a net margin of 9.27% and a return on equity of 4.49%. The firm had revenue of $33.63 million during the quarter, compared to analyst estimates of $33.60 million. On average, equities research analysts anticipate that Capital City Bank Group will post $0.82 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Tuesday, September 5th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.12%. The ex-dividend date was Thursday, August 31st. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.05. Capital City Bank Group’s dividend payout ratio is 37.84%.
Large investors have recently bought and sold shares of the stock. First Quadrant L P CA acquired a new position in Capital City Bank Group in the second quarter worth about $102,000. American International Group Inc. raised its position in Capital City Bank Group by 7.2% in the first quarter. American International Group Inc. now owns 6,779 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 453 shares in the last quarter. Acadian Asset Management LLC raised its position in Capital City Bank Group by 19.0% in the second quarter. Acadian Asset Management LLC now owns 8,992 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,438 shares in the last quarter. Citadel Advisors LLC acquired a new position in Capital City Bank Group in the second quarter worth about $266,000. Finally, New York State Common Retirement Fund raised its position in Capital City Bank Group by 33.7% in the second quarter. New York State Common Retirement Fund now owns 13,100 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 3,299 shares in the last quarter. 31.39% of the stock is owned by hedge funds and other institutional investors.
About Capital City Bank Group
Capital City Bank Group, Inc is a financial holding company. The Company provides a range of banking and banking-related services to individual and corporate clients through its subsidiary, Capital City Bank (CCB or the Bank), with banking offices located in Florida, Georgia and Alabama. It operates through commercial banking segment with over four principal services, including Banking Services (CCB), Data Processing Services (Capital City Services Company), Trust and Asset Management Services (Capital City Trust Company) and Brokerage Services (Capital City Banc Investments, Inc).
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