Capital City Bank Group (NASDAQ:CCBG) Reaches New 1-Year High - Here's What Happened

Capital City Bank Group (NASDAQ:CCBG - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company 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.

Analyst Ratings Changes

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

Capital City Bank Group Trading Up 1.2%

The firm has a market cap of $705.09 million, a price-to-earnings ratio of 12.26 and a beta of 0.36. The business's 50 day moving average price is $37.93 and its 200-day moving average price is $36.64. 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 announced its quarterly earnings data on Monday, April 21st. The financial services provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.24. Capital City Bank Group had a net margin of 20.77% and a return on equity of 11.76%. The business had revenue of $61.45 million during the quarter, compared to the consensus estimate of $59.75 million. During the same quarter in the prior year, the firm earned $0.74 EPS. Equities analysts expect that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors 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 2.32%. The ex-dividend date was Monday, June 9th. Capital City Bank Group's dividend payout ratio is presently 28.49%.

Institutional Investors Weigh In On Capital City Bank Group

A number of institutional investors have recently modified their holdings of the business. Wellington Management Group LLP grew its position in Capital City Bank Group by 43.6% in the 4th quarter. Wellington Management Group LLP now owns 230,744 shares of the financial services provider's stock worth $8,457,000 after purchasing an additional 70,004 shares during the last quarter. American Century Companies Inc. boosted its holdings in Capital City Bank Group by 33.2% during the fourth quarter. American Century Companies Inc. now owns 216,683 shares of the financial services provider's stock worth $7,941,000 after buying an additional 54,059 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. lifted its position in Capital City Bank Group by 38.6% in the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 160,191 shares of the financial services provider's stock worth $5,760,000 after buying an additional 44,572 shares in the last quarter. Nuveen LLC purchased a new stake in Capital City Bank Group in the 1st quarter worth approximately $1,199,000. Finally, Axecap Investments LLC purchased a new stake in Capital City Bank Group in the 1st quarter worth approximately $883,000. 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.