Capital City Bank Group (NASDAQ:CCBG) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• CCBG shares crossed above their 200-day moving average, reaching $51.05 before closing at $50.59, compared with the $47.50 average. Analysts maintain a consensus “Hold” rating with an average price target of $51.75.
• The company exceeded quarterly expectations, reporting $0.95 in EPS versus the $0.90 consensus and revenue of $64.80 million. Analysts project full-year EPS of $3.69.
• Capital City Bank Group declared a quarterly dividend of $0.27 per share, equal to an annualized $1.08 payout and a 2.1% yield; institutional investors own 44.59% of the stock.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $47.50 and traded as high as $51.05. Capital City Bank Group shares last traded at $50.59, with a volume of 60,750 shares changing hands.

Analysts Set New Price Targets

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

Capital City Bank Group Trading Down 0.2%

The business's fifty day simple moving average is $51.18 and its 200 day simple moving average is $47.50. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.06. The stock has a market cap of $865.59 million, a P/E ratio of 14.05 and a beta of 0.32.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced 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. The company 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, analysts expect that Capital City Bank Group will post 3.69 EPS for the current year.

Capital City Bank Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.27 per share. The ex-dividend date is Tuesday, September 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.1%. Capital City Bank Group's payout ratio is presently 30.00%.

Hedge Funds Weigh In On Capital City Bank Group

Hedge funds have recently added to or reduced their stakes in the company. Inspire Investing LLC lifted its position in Capital City Bank Group by 6.9% during the 1st quarter. Inspire Investing LLC now owns 11,772 shares of the financial services provider's stock valued at $512,000 after purchasing an additional 758 shares during the period. Quantbot Technologies LP bought a new position in shares of Capital City Bank Group in the 2nd quarter valued at about $65,000. Susquehanna Fundamental Investments LLC grew its position in shares of Capital City Bank Group by 10.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 14,404 shares of the financial services provider's stock worth $712,000 after buying an additional 1,400 shares during the period. Murphy Middleton Hinkle & Parker Inc. grew its position in shares of Capital City Bank Group by 1.2% during the 2nd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 145,945 shares of the financial services provider's stock worth $7,213,000 after buying an additional 1,666 shares during the period. Finally, Globeflex Capital L P bought a new stake in shares of Capital City Bank Group during the second quarter worth approximately $144,000. Institutional investors own 44.59% of the company's stock.

Capital City Bank Group Company Profile

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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