Capital City Bank Group (NASDAQ:CCBG) Shares Pass Above 200-Day Moving Average – Should You Sell?

Capital City Bank Group (NASDAQ:CCBG) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $41.59 and traded as high as $43.64. Capital City Bank Group shares last traded at $43.30, with a volume of 39,008 shares trading hands.

Wall Street Analyst Weigh In

CCBG has been the subject of several research analyst reports. Zacks Research upgraded Capital City Bank Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Capital City Bank Group has an average rating of “Buy” and a consensus target price of $45.00.

Capital City Bank Group Price Performance

The firm has a market capitalization of $732.64 million, a P/E ratio of 12.02 and a beta of 0.36. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average of $42.14 and a 200-day moving average of $41.65.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Friday, August 4th. The financial services provider reported $1.19 EPS for the quarter. Capital City Bank Group had a net margin of 21.50% and a return on equity of 11.75%. The company had revenue of $60.10 million during the quarter. Equities analysts predict that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Dividend Announcement

The firm 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. The ex-dividend date was Monday, December 1st. This represents a $1.04 dividend on an annualized basis and a yield of 2.4%. Capital City Bank Group’s dividend payout ratio (DPR) is presently 29.13%.

Institutional Investors Weigh In On Capital City Bank Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its position in Capital City Bank Group by 24.1% during the first quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider’s stock worth $438,000 after buying an additional 2,362 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Capital City Bank Group by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 327 shares in the last quarter. Empowered Funds LLC grew its holdings 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 worth $1,010,000 after purchasing an additional 2,115 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Capital City Bank Group in the first quarter worth $555,000. Finally, Inspire Investing LLC raised its stake in Capital City Bank Group by 181.4% in the first quarter. Inspire Investing LLC now owns 30,724 shares of the financial services provider’s stock valued at $1,105,000 after purchasing an additional 19,805 shares in the last quarter. 44.59% of the stock is currently owned by institutional investors and hedge funds.

About Capital City Bank Group

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.