Capital City Bank Group (NASDAQ:CCBG) Sees Strong Trading Volume – Still a Buy?

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) saw strong trading volume on Monday . 18,291 shares traded hands during trading, a decline of 27% from the previous session’s volume of 25,153 shares.The stock last traded at $37.80 and had previously closed at $38.15.

Wall Street Analysts Forecast Growth

CCBG has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, January 31st. StockNews.com upgraded Capital City Bank Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 1st.

Capital City Bank Group Stock Performance

The stock has a market capitalization of $644.06 million, a price-to-earnings ratio of 12.19 and a beta of 0.56. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The stock’s 50-day simple moving average is $37.00 and its 200 day simple moving average is $35.77.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. Analysts expect that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a dividend of $0.23 per share. The ex-dividend date was Monday, December 9th. This represents a $0.92 annualized dividend and a yield of 2.42%. Capital City Bank Group’s dividend payout ratio (DPR) is 29.49%.

Institutional Investors Weigh In On Capital City Bank Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Capital City Bank Group during the third quarter worth approximately $35,000. Blue Trust Inc. raised its position in Capital City Bank Group by 1,482.3% in the 3rd quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 3,928 shares during the last quarter. SG Americas Securities LLC acquired a new position in Capital City Bank Group during the 3rd quarter worth $184,000. Intech Investment Management LLC bought a new position in Capital City Bank Group in the 4th quarter valued at $235,000. Finally, FMR LLC increased its stake in shares of Capital City Bank Group by 48.5% in the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock valued at $234,000 after buying an additional 2,164 shares during the period. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Company Profile

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