Capital City Bank Group (NASDAQ:CCBG) Sets New 12-Month High - Here's Why

Capital City Bank Group (NASDAQ:CCBG - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $41.00 and last traded at $40.28, with a volume of 74846 shares. The stock had previously closed at $39.35.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered 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 debt-to-equity ratio of 0.10, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a fifty day simple moving average of $37.93 and a 200 day simple moving average of $36.64. The company has a market capitalization of $705.09 million, a price-to-earnings ratio of 12.26 and a beta of 0.36.

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

Capital City Bank Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 9th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.32%. The ex-dividend date was Monday, June 9th. Capital City Bank Group's payout ratio is currently 28.49%.

Institutional Trading of Capital City Bank Group

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings in Capital City Bank Group by 53.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 277 shares during the period. US Bancorp DE boosted its stake in shares of Capital City Bank Group by 224.7% in the first quarter. US Bancorp DE now owns 1,143 shares of the financial services provider's stock worth $41,000 after acquiring an additional 791 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Capital City Bank Group by 30.9% in the fourth quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider's stock worth $68,000 after acquiring an additional 442 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Capital City Bank Group by 8,208.6% in the first quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider's stock worth $173,000 after acquiring an additional 4,761 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Capital City Bank Group in the fourth quarter worth approximately $235,000. 44.59% of the stock is owned by institutional investors and hedge funds.

Capital City Bank Group Company Profile

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.