Capital City Bank Group (NASDAQ:CCBG) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• CCBG shares rose above their 200-day moving average, reaching $50.75 and last trading at $49.73 versus the $47.79 long-term average.
• Analyst sentiment remains cautious: the consensus rating is “Hold”, with an average price target of $51.75, despite one Buy rating and a recent price-target increase to $54.
• Capital City Bank Group beat quarterly earnings expectations, reporting $0.95 in EPS versus $0.90 forecast, and maintains a quarterly dividend of $0.27, equivalent to a 2.2% yield.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $47.79 and traded as high as $50.75. Capital City Bank Group shares last traded at $49.73, with a volume of 77,374 shares traded.

Wall Street Analysts Forecast Growth

CCBG has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Capital City Bank Group from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Capital City Bank Group from $52.00 to $54.00 and gave the company a "market perform" rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Capital City Bank Group in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $51.75.

Capital City Bank Group Stock Performance

The company's fifty day moving average price is $51.29 and its two-hundred day moving average price is $47.79. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.78 and a current ratio of 0.79. The firm has a market capitalization of $850.88 million, a PE ratio of 13.81 and a beta of 0.32.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. The firm had revenue of $64.80 million during the quarter, compared to the consensus estimate of $64.25 million. Capital City Bank Group had a net margin of 21.37% and a return on equity of 11.11%. As a group, equities analysts expect that Capital City Bank Group will post 3.69 earnings per share for the current year.

Capital City Bank Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 8th. Capital City Bank Group's dividend payout ratio (DPR) is 30.00%.

Institutional Investors Weigh In On Capital City Bank Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Capital City Bank Group in the 2nd quarter valued at about $83,449,000. Dimensional Fund Advisors LP increased its position in Capital City Bank Group by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 882,114 shares of the financial services provider's stock worth $38,337,000 after purchasing an additional 3,468 shares in the last quarter. Heartland Advisors Inc. purchased a new position in Capital City Bank Group in the second quarter valued at approximately $24,710,000. Renaissance Technologies LLC raised its holdings in Capital City Bank Group by 6.3% in the first quarter. Renaissance Technologies LLC now owns 174,871 shares of the financial services provider's stock valued at $7,600,000 after buying an additional 10,400 shares during the period. Finally, Murphy Middleton Hinkle & Parker Inc. lifted its position in Capital City Bank Group by 1.2% during the second quarter. Murphy Middleton Hinkle & Parker Inc. now owns 145,945 shares of the financial services provider's stock valued at $7,213,000 after buying an additional 1,666 shares in the last quarter. 44.59% of the stock is currently owned by institutional investors and hedge funds.

About Capital City Bank Group

Capital City Bank Group, Inc is a bank holding company headquartered in Tallahassee, Florida. Through its principal subsidiary, Capital City Bank, the company provides banking and financial services to individuals, families, businesses and governmental entities.

Its services include deposit accounts, consumer and commercial lending, residential mortgages, treasury management, online and mobile banking, investment and trust services, and other wealth-management solutions. The bank also offers services designed to support small businesses and commercial customers, including lines of credit, real estate financing and cash-management tools.

Founded in 1895, Capital City Bank has built a regional presence in North Florida and parts of Georgia, operating through community banking offices and digital channels.

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