Capital City Bank Group, Inc. (NASDAQ:CCBG) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $26.50. Capital City Bank Group shares last traded at $26.47, with a volume of 17,525 shares changing hands.
Separately, Zacks Investment Research upgraded Capital City Bank Group from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Tuesday, April 27th.
The business’s 50 day simple moving average is $25.92. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.17. The firm has a market cap of $443.21 million, a price-to-earnings ratio of 12.01 and a beta of 0.87.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 21st. Stockholders of record on Monday, June 7th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Friday, June 4th. Capital City Bank Group’s dividend payout ratio (DPR) is currently 31.91%.
In related news, Director Laura L. Johnson bought 1,000 shares of Capital City Bank Group stock in a transaction dated Thursday, May 27th. The shares were bought at an average cost of $25.75 per share, with a total value of $25,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 20.84% of the company’s stock.
Several hedge funds have recently made changes to their positions in CCBG. Rhumbline Advisers raised its position in Capital City Bank Group by 13.6% in the fourth quarter. Rhumbline Advisers now owns 22,783 shares of the financial services provider’s stock valued at $560,000 after purchasing an additional 2,725 shares during the last quarter. JPMorgan Chase & Co. raised its position in Capital City Bank Group by 77.3% in the fourth quarter. JPMorgan Chase & Co. now owns 46,779 shares of the financial services provider’s stock valued at $1,150,000 after purchasing an additional 20,394 shares during the last quarter. Bank of New York Mellon Corp raised its position in Capital City Bank Group by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 92,447 shares of the financial services provider’s stock valued at $2,272,000 after purchasing an additional 907 shares during the last quarter. Capital City Trust Co. FL raised its position in Capital City Bank Group by 592.3% in the first quarter. Capital City Trust Co. FL now owns 311,702 shares of the financial services provider’s stock valued at $8,111,000 after purchasing an additional 266,676 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Capital City Bank Group by 80.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,700 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 43.52% of the company’s stock.
About Capital City Bank Group (NASDAQ:CCBG)
Capital City Bank Group, Inc operates as a bank holding company. Its principal services are Banking Services, Trust and Asset Management Services, and Brokerage Services. The firm provides traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bank cards, data processing and securities brokerage services.
Further Reading: Buy-Side Analysts
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