Capital City Bank Group (NASDAQ:CCBG) Share Price Crosses Above Two Hundred Day Moving Average of $32.10

Financial News Live · Dec 24, 2022 10:22

Capital City Bank Group, Inc. (NASDAQ:CCBG – Get Rating) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.10 and traded as high as $32.99. Capital City Bank Group shares last traded at $32.63, with a volume of 28,790 shares.

Wall Street Analyst Weigh In

CCBG has been the subject of several analyst reports. StockNews.com cut shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a research report on Thursday, November 10th. Hovde Group upped their price target on Capital City Bank Group to $38.00 in a research note on Tuesday, November 1st. Finally, Piper Sandler increased their price target on shares of Capital City Bank Group to $37.00 in a report on Thursday, September 29th.

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Capital City Bank Group Trading Up 1.6 %

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 0.77. The stock has a market cap of $562.22 million, a PE ratio of 16.09 and a beta of 0.65. The stock has a fifty day moving average price of $34.34 and a 200 day moving average price of $32.15.

Capital City Bank Group (NASDAQ:CCBG – Get Rating) last issued its earnings results on Tuesday, October 25th. The financial services provider reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.01). Capital City Bank Group had a return on equity of 9.29% and a net margin of 16.29%. The company had revenue of $56.26 million for the quarter, compared to analysts' expectations of $58.80 million. Equities analysts expect that Capital City Bank Group, Inc. will post 2.47 EPS for the current year.

Capital City Bank Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 19th. Stockholders of record on Monday, December 5th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.05%. Capital City Bank Group's dividend payout ratio is presently 33.01%.

Institutional Trading of Capital City Bank Group

Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in shares of Capital City Bank Group by 93.2% during the third quarter. Tower Research Capital LLC TRC now owns 1,428 shares of the financial services provider's stock valued at $44,000 after buying an additional 689 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Capital City Bank Group in the 3rd quarter valued at about $49,000. Amalgamated Bank purchased a new position in shares of Capital City Bank Group in the first quarter worth about $43,000. Captrust Financial Advisors boosted its holdings in shares of Capital City Bank Group by 599.3% during the 2nd quarter. Captrust Financial Advisors now owns 1,986 shares of the financial services provider's stock worth $55,000 after purchasing an additional 1,702 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in Capital City Bank Group by 15.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,231 shares of the financial services provider's stock valued at $118,000 after buying an additional 568 shares in the last quarter. 44.90% of the stock is currently owned by institutional investors.

Capital City Bank Group Company Profile

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Capital City Bank Group, Inc operates as the financial holding company for Capital City Bank that provides a range of banking and 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.