Capital City Bank Group (NASDAQ:CCBG) Sees Large Volume Increase – Here’s Why

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) saw strong trading volume on Friday . 21,472 shares changed hands during mid-day trading, a decline of 23% from the previous session’s volume of 27,973 shares.The stock last traded at $36.20 and had previously closed at $36.96.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Keefe, Bruyette & Woods boosted their target price 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. StockNews.com cut Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Friday, March 7th.

Capital City Bank Group Trading Down 2.7 %

The company has a market cap of $613.26 million, a P/E ratio of 11.53 and a beta of 0.54. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $36.38 and a 200-day moving average price of $36.33.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share 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%. Analysts forecast that Capital City Bank Group, Inc. will post 3.06 earnings per share 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. Investors of record on Monday, March 10th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.23. Capital City Bank Group’s dividend payout ratio is 30.77%.

Institutional Investors Weigh In On Capital City Bank Group

A number of large investors have recently added to or reduced their stakes in CCBG. Tower Research Capital LLC TRC grew its holdings in Capital City Bank Group by 53.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider’s stock valued at $29,000 after buying an additional 277 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Capital City Bank Group in the 3rd quarter valued at $35,000. Lazard Asset Management LLC grew its holdings in Capital City Bank Group by 30.9% in the 4th quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider’s stock valued at $68,000 after buying an additional 442 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Capital City Bank Group by 15.4% during the 4th quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 645 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Capital City Bank Group by 48.5% during the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 2,164 shares in the last quarter. Institutional investors own 44.59% of the company’s stock.

About Capital City Bank Group

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.