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

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.55 and traded as high as $39.82. Capital City Bank Group shares last traded at $39.35, with a volume of 36,313 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut 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 fifty day moving average price of $37.83 and a two-hundred day moving average price of $36.62. The company has a market cap of $705.09 million, a P/E ratio of 12.26 and a beta of 0.36.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.24. Capital City Bank Group had a return on equity of 11.76% and a net margin of 20.77%. The company had revenue of $61.45 million during the quarter, compared to analyst estimates of $59.75 million. During the same quarter in the previous year, the firm posted $0.74 EPS. On average, equities analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were given a $0.24 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.96 dividend on an annualized basis and a yield of 2.32%. Capital City Bank Group's dividend payout ratio is presently 28.49%.

Institutional Trading of Capital City Bank Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CCBG. Tower Research Capital LLC TRC increased its stake in shares of Capital City Bank Group by 53.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 277 shares during the period. US Bancorp DE boosted its stake in Capital City Bank Group by 224.7% during the 1st quarter. US Bancorp DE now owns 1,143 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 791 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Capital City Bank Group by 30.9% during the 4th quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 442 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Capital City Bank Group by 8,208.6% during the 1st quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider's stock valued at $173,000 after purchasing an additional 4,761 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of Capital City Bank Group in the 4th quarter worth $235,000. 44.59% of the stock is currently owned by institutional investors.

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.