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

Capital City Bank Group, Inc. (NASDAQ:CCBG - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.50 and traded as high as $36.84. Capital City Bank Group shares last traded at $36.71, with a volume of 20,802 shares trading hands.

Analyst Upgrades and Downgrades

CCBG has been the topic of a number of research analyst reports. StockNews.com cut shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Keefe, Bruyette & Woods lifted their price target on shares of Capital City Bank Group from $43.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st.

Capital City Bank Group Stock Up 0.5 %

The stock has a market cap of $639.87 million, a PE ratio of 12.03 and a beta of 0.37. The business has a 50 day moving average of $35.54 and a 200-day moving average of $36.53. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its earnings results on Monday, April 21st. The financial services provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.24. The business had revenue of $61.45 million for the quarter, compared to analysts' expectations of $59.75 million. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. During the same period in the previous year, the company posted $0.74 EPS. Equities research analysts predict that Capital City Bank Group, Inc. will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.56%. This is a boost from Capital City Bank Group's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, March 10th. Capital City Bank Group's dividend payout ratio is presently 28.49%.

Hedge Funds Weigh In On Capital City Bank Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Isthmus Partners LLC raised its stake in Capital City Bank Group by 0.7% during the 1st quarter. Isthmus Partners LLC now owns 85,761 shares of the financial services provider's stock valued at $3,084,000 after acquiring an additional 616 shares during the last quarter. Axecap Investments LLC purchased a new stake in shares of Capital City Bank Group during the first quarter worth approximately $883,000. Murphy Middleton Hinkle & Parker Inc. raised its stake in shares of Capital City Bank Group by 38.6% during the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 160,191 shares of the financial services provider's stock worth $5,760,000 after purchasing an additional 44,572 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 4,761 shares during the period. Finally, Wellington Management Group LLP grew its position in Capital City Bank Group by 43.6% in the 4th quarter. Wellington Management Group LLP now owns 230,744 shares of the financial services provider's stock valued at $8,457,000 after buying an additional 70,004 shares during the last quarter. Hedge funds and other institutional investors own 44.59% of the company's stock.

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.