Capital City Bank Group (NASDAQ:CCBG) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Capital City Bank Group's stock price has crossed above its 200-day moving average, currently trading at $41.74 against a moving average of $38.92.
• The company reported a quarterly EPS of $0.88, beating analysts' estimates of $0.83, and posted revenues of $63.20 million.
• Capital City Bank Group has increased its quarterly dividend to $0.26 per share from $0.24, yielding an annualized dividend of $1.04.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.92 and traded as high as $42.75. Capital City Bank Group shares last traded at $41.74, with a volume of 52,664 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped 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 note on Wednesday, July 23rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $45.00.

Capital City Bank Group Stock Performance

The stock's 50-day moving average price is $41.79 and its 200 day moving average price is $38.92. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market cap of $712.38 million, a P/E ratio of 12.20 and a beta of 0.39.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.05. The business had revenue of $63.20 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.83 earnings per share. As a group, equities analysts predict that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Monday, September 8th were given a $0.26 dividend. This is a boost from Capital City Bank Group's previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, September 8th. Capital City Bank Group's payout ratio is presently 30.41%.

Institutional Trading of Capital City Bank Group

A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in Capital City Bank Group by 8,208.6% during the first quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider's stock worth $173,000 after acquiring an additional 4,761 shares in the last quarter. Vanguard Group Inc. raised its position in Capital City Bank Group by 1.6% during the first quarter. Vanguard Group Inc. now owns 759,811 shares of the financial services provider's stock worth $27,323,000 after acquiring an additional 11,624 shares in the last quarter. Nuveen LLC bought a new stake in Capital City Bank Group during the first quarter worth $1,199,000. American Century Companies Inc. raised its position in Capital City Bank Group by 19.0% during the first quarter. American Century Companies Inc. now owns 257,804 shares of the financial services provider's stock worth $9,271,000 after acquiring an additional 41,121 shares in the last quarter. Finally, KLP Kapitalforvaltning AS raised its position in Capital City Bank Group by 72.4% during the first quarter. KLP Kapitalforvaltning AS now owns 16,900 shares of the financial services provider's stock worth $608,000 after acquiring an additional 7,100 shares in the last quarter. Institutional investors own 44.59% of the company's stock.

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.

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