Capital City Bank Group (NASDAQ:CCBG) Sets New 12-Month High – Here’s Why

Capital City Bank Group (NASDAQ:CCBG) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $52.10 and last traded at $49.3310, with a volume of 7143 shares changing hands. The stock had previously closed at $49.63.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research note on Wednesday, June 24th. Capital One Financial set a $49.50 price target on shares of Capital City Bank Group in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Brean Capital cut shares of Capital City Bank Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 21st. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Capital City Bank Group from $45.00 to $50.00 and gave the company a “market perform” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $49.75.

Capital City Bank Group Trading Down 1.9%

The company has a 50 day moving average of $46.86 and a 200-day moving average of $44.72. The stock has a market cap of $822.85 million, a price-to-earnings ratio of 13.63 and a beta of 0.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Monday, April 20th. The financial services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. The company had revenue of $62.75 million during the quarter, compared to the consensus estimate of $63.25 million. Capital City Bank Group had a return on equity of 11.10% and a net margin of 21.01%. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.27 dividend. The ex-dividend date 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 payout ratio is 30.59%.

Institutional Investors Weigh In On Capital City Bank Group

Large investors have recently added to or reduced their stakes in the business. Legato Capital Management LLC purchased a new position in Capital City Bank Group in the 4th quarter valued at approximately $469,000. Jefferies Financial Group Inc. purchased a new stake in shares of Capital City Bank Group during the fourth quarter worth $724,000. SG Americas Securities LLC increased its position in shares of Capital City Bank Group by 65.7% during the fourth quarter. SG Americas Securities LLC now owns 4,830 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 1,915 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Capital City Bank Group by 11.4% in the third quarter. JPMorgan Chase & Co. now owns 62,766 shares of the financial services provider’s stock valued at $2,623,000 after acquiring an additional 6,428 shares in the last quarter. Finally, Diversified Trust Co. acquired a new stake in shares of Capital City Bank Group in the fourth quarter valued at $223,000. 44.59% of the stock is owned by hedge funds and other institutional investors.

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.