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

Key Points

• Capital City Bank Group shares exceeded their 200-day moving average for the first time, reaching a trading price of $38.99, higher than the average of $37.44.
• Analysts have mixed ratings for CCBG, with Wall Street Zen downgrading it from "buy" to "hold," while Keefe, Bruyette & Woods raised its price target to $45.00.
• The company recently announced a quarterly dividend of $0.24, yielding 2.5%, with a payout ratio of 28.07% of earnings.

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 $37.44 and traded as high as $39.38. Capital City Bank Group shares last traded at $38.99, with a volume of 27,814 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised 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 report on Wednesday, July 23rd. Wall Street Zen cut shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

Capital City Bank Group Stock Down 1.6%

The company has a market capitalization of $689.12 million, a PE ratio of 11.80 and a beta of 0.41. The firm's 50-day simple moving average is $39.59 and its 200 day simple moving average is $37.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.83 by $0.05. The company 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 period in the previous year, the firm earned $0.83 EPS. As a group, equities research analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current year.

Capital City Bank Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 9th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, June 9th. Capital City Bank Group's payout ratio is 28.07%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in shares of Capital City Bank Group by 1,282.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider's stock worth $162,000 after buying an additional 3,809 shares during the last quarter. Vident Advisory LLC acquired a new position in Capital City Bank Group in the 2nd quarter valued at about $201,000. Bridgeway Capital Management LLC raised its stake in Capital City Bank Group by 4.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 67,891 shares of the financial services provider's stock valued at $2,672,000 after purchasing an additional 2,640 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Capital City Bank Group by 156.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 30,893 shares of the financial services provider's stock valued at $1,216,000 after purchasing an additional 18,834 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Capital City Bank Group in the 2nd quarter valued at about $150,000. 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.