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

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) saw unusually-high trading volume on Thursday . Approximately 25,031 shares were traded during trading, an increase of 6% from the previous session’s volume of 23,667 shares.The stock last traded at $35.61 and had previously closed at $35.78.

Analyst Ratings Changes

CCBG has been the topic of several research reports. StockNews.com lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. 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 research note on Friday, January 31st.

Capital City Bank Group Stock Up 0.3 %

The stock has a 50 day simple moving average of $36.29 and a 200-day simple moving average of $36.28. The firm has a market cap of $598.46 million, a PE ratio of 11.32 and a beta of 0.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Sell-side analysts predict that Capital City Bank Group, Inc. will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.72%. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.23. Capital City Bank Group’s payout ratio is currently 30.77%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Capital City Bank Group by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 882,343 shares of the financial services provider’s stock worth $32,338,000 after purchasing an additional 9,984 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Capital City Bank Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 748,187 shares of the financial services provider’s stock worth $27,421,000 after purchasing an additional 9,196 shares during the last quarter. State Street Corp raised its stake in shares of Capital City Bank Group by 1.8% in the third quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock worth $12,049,000 after purchasing an additional 5,980 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Capital City Bank Group by 2.5% in the third quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider’s stock worth $11,312,000 after purchasing an additional 7,773 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Capital City Bank Group by 43.6% in the fourth quarter. Wellington Management Group LLP now owns 230,744 shares of the financial services provider’s stock worth $8,457,000 after purchasing an additional 70,004 shares during the last quarter. Hedge funds and other institutional investors 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.