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

Capital City Bank Group, Inc. (NASDAQ:CCBG)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $31.61 and traded as high as $39.75. Capital City Bank Group shares last traded at $38.75, with a volume of 32,635 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CCBG shares. Keefe, Bruyette & Woods increased their target price on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Piper Sandler cut shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $30.00 to $34.00 in a research note on Monday, July 29th. StockNews.com upgraded shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Hovde Group boosted their price objective on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Capital City Bank Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.80.

Capital City Bank Group Stock Down 0.6 %

The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The stock’s fifty day moving average is $35.23 and its 200 day moving average is $31.70. The company has a market capitalization of $649.48 million, a P/E ratio of 12.74 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. The business had revenue of $68.84 million during the quarter, compared to analysts’ expectations of $54.40 million.

Capital City Bank Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were issued a $0.23 dividend. The ex-dividend date was Monday, September 9th. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.40%. Capital City Bank Group’s payout ratio is 30.16%.

Insider Activity

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the transaction, the treasurer now owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. The trade was a 2.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 19.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Isthmus Partners LLC raised its stake in shares of Capital City Bank Group by 1.3% in the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock worth $31,000 after buying an additional 1,346 shares during the period. Lazard Asset Management LLC boosted its position in shares of Capital City Bank Group by 22.3% in the first quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 662 shares during the period. Blue Trust Inc. raised its position in shares of Capital City Bank Group by 1,482.3% during the 3rd quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 3,928 shares during the period. SG Americas Securities LLC purchased a new position in shares of Capital City Bank Group during the 3rd quarter valued at $184,000. Finally, Princeton Capital Management LLC bought a new position in shares of Capital City Bank Group in the second quarter worth about $204,000. Institutional investors own 44.59% of the company’s stock.

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.