Capital City Bank Group (NASDAQ:CCBG) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• Capital City Bank Group's share price has exceeded its 200-day moving average of $38.30, trading at $43.71 as of Thursday.
• The company reported a quarterly EPS of $0.88, beating analysts' expectations, alongside a revenue of $63.20 million for the same period.
• Capital City Bank Group has declared an increase in its quarterly dividend to $0.26 per share, reflecting a 2.4% yield to its shareholders.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $38.30 and traded as high as $43.76. Capital City Bank Group shares last traded at $43.71, with a volume of 33,455 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of Capital City Bank Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Capital City Bank Group currently has a consensus rating of "Buy" and a consensus price target of $45.00.

Capital City Bank Group Stock Up 1.2%

The company has a market capitalization of $746.00 million, a PE ratio of 12.78 and a beta of 0.39. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.83. The stock's 50 day moving average is $41.36 and its 200 day moving average is $38.30.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.05. The company had revenue of $63.20 million for the quarter, compared to analysts' expectations of $62.35 million. Capital City Bank Group had a net margin of 20.86% and a return on equity of 11.56%. During the same period in the prior year, the company posted $0.83 EPS. On average, sell-side analysts anticipate that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Monday, September 8th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, September 8th. This is an increase from Capital City Bank Group's previous quarterly dividend of $0.24. Capital City Bank Group's dividend payout ratio is currently 30.41%.

Institutional Trading of Capital City Bank Group

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake 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 worth $173,000 after purchasing an additional 4,761 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. Vanguard Group Inc. lifted its stake in Capital City Bank Group by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 759,811 shares of the financial services provider's stock worth $27,323,000 after purchasing an additional 11,624 shares in the last quarter. American Century Companies Inc. lifted its stake in Capital City Bank Group by 19.0% in the 1st quarter. American Century Companies Inc. now owns 257,804 shares of the financial services provider's stock worth $9,271,000 after purchasing an additional 41,121 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its stake in Capital City Bank Group by 72.4% in the 1st quarter. KLP Kapitalforvaltning AS now owns 16,900 shares of the financial services provider's stock worth $608,000 after purchasing an additional 7,100 shares in the last quarter. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

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.

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