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

Capital City Bank Group (NASDAQ:CCBG - Get Free Report)'s share price passed 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 changing hands.

Analysts Set New Price Targets

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 Price 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 company has a 50 day moving average price of $37.57 and a 200 day moving average price of $36.55. The firm has a market cap of $687.18 million, a PE ratio of 11.95 and a beta of 0.36.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $61.45 million during the quarter, compared to the consensus estimate of $59.75 million. Capital City Bank Group had a net margin of 20.77% and a return on equity of 11.76%. During the same quarter in the prior year, the firm earned $0.74 EPS. Sell-side analysts expect that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Dividend Announcement

The company also recently disclosed 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 of this dividend was Monday, June 9th. This represents a $0.96 dividend on an annualized basis and a yield of 2.38%. Capital City Bank Group's payout ratio is currently 28.49%.

Hedge Funds Weigh In On Capital City Bank Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its holdings in shares of Capital City Bank Group by 53.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider's stock valued at $29,000 after buying an additional 277 shares during the period. US Bancorp DE lifted its holdings in Capital City Bank Group by 224.7% in the first quarter. US Bancorp DE now owns 1,143 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 791 shares during the period. Lazard Asset Management LLC lifted its holdings in Capital City Bank Group by 30.9% in the fourth quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 442 shares during the period. GAMMA Investing LLC boosted 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 worth $173,000 after purchasing an additional 4,761 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Capital City Bank Group during the 4th quarter worth $235,000. 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.