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

Capital City Bank Group, Inc. (NASDAQ:CCBG) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $36.33 and traded as high as $36.96. Capital City Bank Group shares last traded at $36.96, with a volume of 50,096 shares changing hands.

Analyst Ratings Changes

CCBG has been the topic of several research reports. StockNews.com lowered shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Keefe, Bruyette & Woods increased their price objective on shares of Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, January 31st.

Capital City Bank Group Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The company’s 50-day simple moving average is $36.38 and its 200-day simple moving average is $36.33. The company has a market cap of $630.32 million, a price-to-earnings ratio of 11.85 and a beta of 0.54.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. On average, equities research analysts anticipate that Capital City Bank Group, Inc. will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.60%. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.23. Capital City Bank Group’s dividend payout ratio (DPR) is presently 30.77%.

Institutional Trading of Capital City Bank Group

A number of hedge funds have recently made changes to their positions in CCBG. Tower Research Capital LLC TRC grew its position in shares of Capital City Bank Group by 53.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider’s stock worth $29,000 after buying an additional 277 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Capital City Bank Group during the third quarter worth approximately $35,000. Lazard Asset Management LLC grew its position in shares of Capital City Bank Group by 30.9% during the fourth quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider’s stock worth $68,000 after buying an additional 442 shares in the last quarter. Blue Trust Inc. grew its position in shares of Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock worth $171,000 after buying an additional 645 shares in the last quarter. Finally, FMR LLC grew its position in shares of Capital City Bank Group by 48.5% during the third quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after buying an additional 2,164 shares in the last quarter. Institutional investors and hedge funds 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.