Capital City Bank Group (NASDAQ:CCBG) Shares Gap Down - Time to Sell?

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $41.95, but opened at $40.40. Capital City Bank Group shares last traded at $41.85, with a volume of 34,886 shares.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their price objective on Capital City Bank Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a research report on Wednesday. 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 Stock Performance

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 company has a market capitalization of $689.57 million, a price-to-earnings ratio of 11.82 and a beta of 0.36. The firm has a 50-day simple moving average of $39.00 and a two-hundred day simple moving average of $37.09.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.05. Capital City Bank Group had a return on equity of 11.74% and a net margin of 20.86%. The company had revenue of $63.20 million for the quarter, compared to the consensus estimate of $62.35 million. During the same quarter in the prior year, the business earned $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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Monday, June 9th. Capital City Bank Group's dividend payout ratio (DPR) is 28.07%.

Institutional Investors Weigh In On Capital City Bank Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Inspire Investing LLC increased its holdings in shares of Capital City Bank Group by 7.8% in the 2nd quarter. Inspire Investing LLC now owns 33,117 shares of the financial services provider's stock valued at $1,303,000 after acquiring an additional 2,393 shares during the period. KLP Kapitalforvaltning AS grew its holdings in shares of Capital City Bank Group by 18.9% during the second quarter. KLP Kapitalforvaltning AS now owns 20,100 shares of the financial services provider's stock worth $791,000 after buying an additional 3,200 shares during the last quarter. Jane Street Group LLC acquired a new position in Capital City Bank Group in the 1st quarter valued at about $555,000. Empowered Funds LLC raised its stake in Capital City Bank Group by 8.1% during the 1st quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider's stock valued at $1,010,000 after acquiring an additional 2,115 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Capital City Bank Group by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider's stock worth $294,000 after acquiring an additional 327 shares during the period. 44.59% of the stock is 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.