Capital City Bank Group (NASDAQ:CCBG) Sees Unusually-High 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 recent research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. StockNews.com lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

Capital City Bank Group Stock Performance

The company has a market capitalization of $598.55 million, a price-to-earnings ratio of 11.32 and a beta of 0.54. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The firm’s 50 day simple moving average is $36.31 and its 200-day simple moving average is $36.28.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share 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 EPS for the current year.

Capital City Bank Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a $0.24 dividend. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.72%. Capital City Bank Group’s dividend payout ratio is presently 30.77%.

Hedge Funds Weigh In On Capital City Bank Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in Capital City Bank Group by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 882,343 shares of the financial services provider’s stock valued at $32,338,000 after purchasing an additional 9,984 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Capital City Bank Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 748,187 shares of the financial services provider’s stock valued at $27,421,000 after buying an additional 9,196 shares during the last quarter. State Street Corp grew its stake in shares of Capital City Bank Group by 1.8% in the 3rd quarter. State Street Corp now owns 341,426 shares of the financial services provider’s stock valued at $12,049,000 after buying an additional 5,980 shares in the last quarter. Geode Capital Management LLC increased its holdings in 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 buying an additional 7,773 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Capital City Bank Group by 43.6% during the fourth quarter. Wellington Management Group LLP now owns 230,744 shares of the financial services provider’s stock valued at $8,457,000 after acquiring an additional 70,004 shares in the last quarter. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

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.