Capital City Bank Group (NASDAQ:CCBG) Sets New 52-Week High - What's Next?

Capital City Bank Group (NASDAQ:CCBG - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $42.33 and last traded at $42.14, with a volume of 6744 shares traded. The stock had previously closed at $41.27.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CCBG shares. Keefe, Bruyette & Woods lifted their price objective on shares of Capital City Bank Group from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday. Wall Street Zen cut shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

Capital City Bank Group Price Performance

The stock's fifty day moving average price is $38.96 and its 200-day moving average price is $37.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $701.76 million, a PE ratio of 12.03 and a beta of 0.36.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.05. The firm had revenue of $63.20 million during the quarter, compared to the consensus estimate of $62.35 million. Capital City Bank Group had a net margin of 20.86% and a return on equity of 11.74%. During the same period last year, the firm posted $0.83 EPS. As a group, equities analysts forecast that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 9th were issued 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 2.33%. Capital City Bank Group's dividend payout ratio (DPR) is presently 28.07%.

Institutional Investors Weigh In On Capital City Bank Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of 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 valued at $8,457,000 after purchasing an additional 70,004 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Capital City Bank Group by 33.2% in the 4th quarter. American Century Companies Inc. now owns 216,683 shares of the financial services provider's stock valued at $7,941,000 after purchasing an additional 54,059 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. boosted its holdings in shares of 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 valued at $5,760,000 after purchasing an additional 44,572 shares during the last quarter. Nuveen LLC acquired a new position in shares of Capital City Bank Group in the 1st quarter valued at $1,199,000. Finally, Axecap Investments LLC acquired a new position in shares of Capital City Bank Group in the 1st quarter valued at $883,000. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

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.