Capital City Bank Group (NASDAQ:CCBG) Reaches New 12-Month High - What's Next?

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.69 and last traded at $41.05, with a volume of 43535 shares traded. The stock had previously closed at $41.34.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

Capital City Bank Group Stock Performance

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. The stock has a market cap of $701.64 million, a P/E ratio of 12.21 and a beta of 0.36. The stock has a fifty day simple moving average of $38.03 and a 200-day simple moving average of $36.67.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.24. The company had revenue of $61.45 million for the quarter, compared to analyst estimates of $59.75 million. Capital City Bank Group had a return on equity of 11.76% and a net margin of 20.77%. During the same quarter last year, the firm posted $0.74 earnings per share. Equities analysts expect that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 9th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Monday, June 9th. Capital City Bank Group's dividend payout ratio is currently 28.49%.

Institutional Investors Weigh In On Capital City Bank Group

A number of hedge funds have recently modified their holdings of CCBG. Tower Research Capital LLC TRC raised 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 purchasing an additional 277 shares during the period. US Bancorp DE raised its position in Capital City Bank Group by 224.7% in the 1st quarter. US Bancorp DE now owns 1,143 shares of the financial services provider's stock valued at $41,000 after buying an additional 791 shares during the last quarter. Lazard Asset Management LLC raised its position in Capital City Bank Group by 30.9% in the 4th quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider's stock valued at $68,000 after buying an additional 442 shares during the last quarter. GAMMA Investing LLC raised its position in Capital City Bank Group by 8,208.6% in the 1st quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider's stock valued at $173,000 after buying an additional 4,761 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Capital City Bank Group in the 4th quarter valued at approximately $235,000. 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.