Capital City Bank Group (NASDAQ:CCBG) Shares Cross Above 200 Day Moving Average – What’s Next?
by Mitch Edgeman · The Markets DailyCapital City Bank Group (NASDAQ:CCBG – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $46.54 and traded as high as $51.85. Capital City Bank Group shares last traded at $51.33, with a volume of 81,297 shares traded.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on CCBG. Wall Street Zen upgraded shares of Capital City Bank Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Capital City Bank Group in a research report on Wednesday, June 24th. Finally, Keefe, Bruyette & Woods raised their price objective on Capital City Bank Group from $52.00 to $54.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Capital City Bank Group presently has a consensus rating of “Hold” and an average target price of $51.75.
Get Our Latest Stock Report on Capital City Bank Group
Capital City Bank Group Trading Down 0.0%
The firm has a market capitalization of $878.26 million, a price-to-earnings ratio of 14.26 and a beta of 0.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.78. The firm’s 50-day simple moving average is $50.34 and its 200 day simple moving average is $46.54.
Capital City Bank Group (NASDAQ:CCBG – Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Capital City Bank Group had a return on equity of 11.11% and a net margin of 21.37%.The firm had revenue of $64.80 million for the quarter, compared to the consensus estimate of $64.25 million. Equities analysts expect that Capital City Bank Group will post 3.69 earnings per share for the current year.
Institutional Trading of Capital City Bank Group
Several large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Capital City Bank Group during the second quarter worth about $83,449,000. Dimensional Fund Advisors LP lifted its holdings in shares of 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 acquiring an additional 3,468 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Capital City Bank Group by 32.4% in the 4th quarter. Wellington Management Group LLP now owns 547,871 shares of the financial services provider’s stock valued at $23,323,000 after purchasing an additional 133,923 shares in the last quarter. Heartland Advisors Inc. acquired a new stake in shares of Capital City Bank Group in the 2nd quarter valued at approximately $24,710,000. Finally, Bank of America Corp DE grew its holdings in shares of Capital City Bank Group by 997.3% during the 3rd quarter. Bank of America Corp DE now owns 192,495 shares of the financial services provider’s stock valued at $8,044,000 after purchasing an additional 174,953 shares during the last quarter. 44.59% of the stock is 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.