Capital City Bank Group (NASDAQ:CCBG) Sets New 52-Week High - Should You Buy?

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

Analysts Set New Price Targets

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

Capital City Bank Group Stock Down 3.0%

The firm's 50 day moving average price is $38.31 and its two-hundred day moving average price is $36.76. The company has a market cap of $689.05 million, a P/E ratio of 11.99 and a beta of 0.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.83 and a current ratio of 0.83.

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

Capital City Bank Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Monday, June 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.38%. Capital City Bank Group's dividend payout ratio (DPR) is presently 28.49%.

Institutional Investors Weigh In On Capital City Bank Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of Capital City Bank Group by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 882,343 shares of the financial services provider's stock valued at $32,338,000 after acquiring an additional 9,984 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Capital City Bank Group by 1.6% during the first quarter. Vanguard Group Inc. now owns 759,811 shares of the financial services provider's stock valued at $27,323,000 after buying an additional 11,624 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Capital City Bank Group by 19.0% during the first quarter. American Century Companies Inc. now owns 257,804 shares of the financial services provider's stock valued at $9,271,000 after buying an additional 41,121 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Capital City Bank Group by 10.5% during the first quarter. Wellington Management Group LLP now owns 255,057 shares of the financial services provider's stock valued at $9,172,000 after buying an additional 24,313 shares during the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. grew its holdings in shares of Capital City Bank Group by 38.6% during the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 160,191 shares of the financial services provider's stock valued at $5,760,000 after buying an additional 44,572 shares during the last quarter. Institutional investors 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.