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

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.63 and traded as high as $36.91. Capital City Bank Group shares last traded at $36.66, with a volume of 28,987 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st.

Capital City Bank Group Stock Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a 50-day moving average price of $36.96 and a 200-day moving average price of $36.63. The firm has a market capitalization of $625.42 million, a PE ratio of 10.88 and a beta of 0.36.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.24. The business had revenue of $61.45 million during the quarter, compared to the consensus estimate of $59.75 million. Capital City Bank Group had a return on equity of 11.76% and a net margin of 20.77%. During the same period last year, the firm earned $0.74 earnings per share. On average, research analysts expect 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 will be paid on Monday, June 23rd. Stockholders of record on Monday, June 9th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Monday, June 9th. Capital City Bank Group's dividend payout ratio (DPR) is presently 28.49%.

Institutional Investors Weigh In On Capital City Bank Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in Capital City Bank Group by 42.7% in the fourth quarter. Bank of New York Mellon Corp now owns 77,207 shares of the financial services provider's stock valued at $2,830,000 after acquiring an additional 23,113 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Capital City Bank Group in the 4th quarter worth approximately $647,000. Intech Investment Management LLC acquired a new position in Capital City Bank Group during the 4th quarter valued at approximately $235,000. American Century Companies Inc. grew its stake in Capital City Bank Group by 33.2% during the 4th quarter. American Century Companies Inc. now owns 216,683 shares of the financial services provider's stock worth $7,941,000 after buying an additional 54,059 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Capital City Bank Group during the 4th quarter worth $359,000. Institutional investors and hedge funds 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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