Capital City Bank Group (NASDAQ:CCBG) Stock Passes Above 200 Day Moving Average - What's Next?

Key Points

• Capital City Bank Group shares crossed above their 200-day moving average, reaching $51.85 and last trading at $51.33, compared with a 200-day average of $46.54.
• Analyst sentiment remains cautious: the consensus rating is “Hold” with a $51.75 price target, although Keefe, Bruyette & Woods raised its target to $54.
• The company exceeded quarterly expectations, reporting $0.95 in earnings per share versus the $0.90 consensus and $64.8 million in revenue versus the $64.25 million estimate; institutional investors own 44.59% of shares.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $46.54 and traded as high as $51.85. Capital City Bank Group shares last traded at $51.33, with a volume of 81,297 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded Capital City Bank Group from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Keefe, Bruyette & Woods raised their price target on Capital City Bank Group from $52.00 to $54.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Capital City Bank Group in a report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $51.75.

Capital City Bank Group Stock Down 0.0%

The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. The company's fifty day simple moving average is $50.34 and its 200 day simple moving average is $46.54. The firm has a market capitalization of $878.41 million, a PE ratio of 14.26 and a beta of 0.31.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. Capital City Bank Group had a net margin of 21.37% and a return on equity of 11.11%. The firm had revenue of $64.80 million for the quarter, compared to the consensus estimate of $64.25 million. Analysts anticipate that Capital City Bank Group will post 3.69 earnings per share for the current fiscal year.

Institutional Trading of Capital City Bank Group

A number of large investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in Capital City Bank Group by 24.1% during the 1st quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider's stock valued at $438,000 after buying an additional 2,362 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Capital City Bank Group by 4.2% in 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 buying an additional 327 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Capital City Bank Group by 8.1% in the first quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider's stock worth $1,010,000 after acquiring an additional 2,115 shares during the period. Jane Street Group LLC purchased a new stake in Capital City Bank Group during the first quarter valued at $555,000. Finally, Rhumbline Advisers increased its position in Capital City Bank Group by 4.7% during the second quarter. Rhumbline Advisers now owns 21,994 shares of the financial services provider's stock valued at $865,000 after acquiring an additional 982 shares during the last quarter. 44.59% of the stock is currently owned by institutional investors.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source