Capital City Bank Group (NASDAQ:CCBG) Sets New 52-Week High – What’s Next?

Capital City Bank Group (NASDAQ:CCBG)’s share price hit a new 52-week high on Thursday . The stock traded as high as $53.60 and last traded at $52.9950, with a volume of 19744 shares. The stock had previously closed at $52.30.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CCBG. Capital One Financial set a $49.50 price objective on Capital City Bank Group in a report on Tuesday, April 21st. Wall Street Zen upgraded Capital City Bank Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Keefe, Bruyette & Woods upped their price target on 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. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a research note on Wednesday, June 24th. Finally, Brean Capital downgraded Capital City Bank Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Capital City Bank Group has a consensus rating of “Hold” and a consensus target price of $51.75.

Capital City Bank Group Stock Performance

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 stock’s 50 day moving average price is $48.79 and its 200 day moving average price is $45.87. The company has a market capitalization of $899.64 million, a P/E ratio of 14.61 and a beta of 0.31.

Capital City Bank Group (NASDAQ:CCBG) 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 business 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 EPS 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. Stockholders of record on Monday, June 1st were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, June 1st. Capital City Bank Group’s payout ratio is currently 30.00%.

Institutional Investors Weigh In On Capital City Bank Group

A number of hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of Capital City Bank Group during the 3rd quarter worth approximately $38,000. Raymond James Financial Inc. bought a new stake in shares of Capital City Bank Group in the 2nd quarter valued at $150,000. Tower Research Capital LLC TRC lifted its position in shares of Capital City Bank Group by 1,282.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,106 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 3,809 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Capital City Bank Group by 11.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 4,200 shares of the financial services provider’s stock valued at $179,000 after acquiring an additional 420 shares during the period. Finally, Vident Advisory LLC bought a new position in Capital City Bank Group during the second quarter worth $201,000. 44.59% of the stock is currently owned by institutional investors.

Capital City Bank Group Company Profile

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.