Capital City Bank Group (NASDAQ:CCBG) Reaches New 12-Month High – What’s Next?

Shares of Capital City Bank Group (NASDAQ:CCBG) hit a new 52-week high on Thursday . The company traded as high as $49.50 and last traded at $48.6060, with a volume of 831 shares trading hands. The stock had previously closed at $48.07.

Analyst Ratings Changes

CCBG has been the topic of several recent analyst reports. Wall Street Zen lowered Capital City Bank Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Capital One Financial set a $49.50 target price on Capital City Bank Group in a research note on Tuesday, April 21st. Brean Capital downgraded Capital City Bank Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a report on Friday, March 27th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Capital City Bank Group from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Capital City Bank Group currently has a consensus rating of “Hold” and a consensus target price of $49.75.

Capital City Bank Group Stock Performance

The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06. The firm’s fifty day moving average price is $46.25 and its 200 day moving average price is $44.34. The firm has a market capitalization of $829.85 million, a PE ratio of 13.77 and a beta of 0.32.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Monday, April 20th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%.The firm had revenue of $62.75 million during the quarter, compared to analysts’ expectations of $63.25 million. On average, research analysts anticipate that Capital City Bank Group will post 3.69 earnings per share for the current year.

Capital City Bank Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.2%. Capital City Bank Group’s dividend payout ratio (DPR) is 30.59%.

Institutional Investors Weigh In On Capital City Bank Group

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Capital City Bank Group by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 882,114 shares of the financial services provider’s stock worth $38,337,000 after buying an additional 3,468 shares during the last quarter. Wellington Management Group LLP lifted its stake in Capital City Bank Group by 32.4% in the fourth quarter. Wellington Management Group LLP now owns 547,871 shares of the financial services provider’s stock valued at $23,323,000 after acquiring an additional 133,923 shares during the last quarter. Bank of America Corp DE lifted its stake in Capital City Bank Group by 997.3% in the third quarter. Bank of America Corp DE now owns 192,495 shares of the financial services provider’s stock valued at $8,044,000 after acquiring an additional 174,953 shares during the last quarter. Renaissance Technologies LLC lifted its stake 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 acquiring an additional 10,400 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Capital City Bank Group by 45.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 86,575 shares of the financial services provider’s stock worth $3,685,000 after acquiring an additional 26,999 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 Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.