Capital City Bank Group (NASDAQ:CCBG) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

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) shares 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 changing hands.

Analysts Set New Price Targets

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

Capital City Bank Group Trading Up 1.6%

The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. The company has a market cap of $747.32 million, a price-to-earnings ratio of 12.80 and a beta of 0.39. The company's 50-day moving average is $41.49 and its 200 day moving average is $38.45.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.83 by $0.05. Capital City Bank Group had a return on equity of 11.56% and a net margin of 20.86%.The company had revenue of $63.20 million for the quarter, compared to analyst estimates of $62.35 million. During the same period last year, the company earned $0.83 earnings per share. Research analysts predict that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Monday, September 8th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.4%. This is a positive change from Capital City Bank Group's previous quarterly dividend of $0.24. The ex-dividend date is Monday, September 8th. Capital City Bank Group's dividend payout ratio (DPR) is 30.41%.

Institutional Investors Weigh In On Capital City Bank Group

Several institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new stake in Capital City Bank Group in the 2nd quarter worth about $284,000. Hohimer Wealth Management LLC acquired a new stake in shares of Capital City Bank Group in the second quarter worth approximately $201,000. Tower Research Capital LLC TRC boosted its stake in shares of Capital City Bank Group by 1,282.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider's stock worth $162,000 after acquiring an additional 3,809 shares during the last quarter. Vident Advisory LLC acquired a new stake in shares of Capital City Bank Group in the second quarter worth approximately $201,000. Finally, Bridgeway Capital Management LLC boosted its stake in shares of Capital City Bank Group by 4.0% in the second quarter. Bridgeway Capital Management LLC now owns 67,891 shares of the financial services provider's stock worth $2,672,000 after acquiring an additional 2,640 shares during the last quarter. 44.59% of the stock is currently 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.