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

Capital City Bank Group, Inc. (NASDAQ:CCBG) saw unusually-high trading volume on Wednesday . Approximately 21,988 shares were traded during trading, a decline of 5% from the previous session’s volume of 23,068 shares.The stock last traded at $36.31 and had previously closed at $36.61.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCBG. Keefe, Bruyette & Woods lifted their price objective on shares of Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. StockNews.com upgraded Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 1st.

Capital City Bank Group Price Performance

The stock has a 50 day moving average of $36.43 and a 200-day moving average of $36.18. 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 company has a market cap of $612.10 million, a PE ratio of 11.57 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, topping 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%. Equities analysts predict that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current year.

Capital City Bank Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.66%. 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 payout ratio is 30.77%.

Hedge Funds Weigh In On Capital City Bank Group

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in shares of Capital City Bank Group by 53.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 277 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Capital City Bank Group in the third quarter valued at approximately $35,000. Lazard Asset Management LLC raised its stake in shares of Capital City Bank Group by 30.9% during the 4th quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider’s stock worth $68,000 after buying an additional 442 shares during the period. Blue Trust Inc. lifted its position 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 valued at $171,000 after buying an additional 645 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Capital City Bank Group in the 4th quarter valued at $235,000. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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.