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

Capital City Bank Group, Inc. (NASDAQ:CCBG) shares saw an uptick in trading volume on Wednesday . 21,988 shares traded hands 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.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target on 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 raised shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Saturday, February 1st.

Capital City Bank Group Stock Performance

The stock has a market cap of $612.10 million, a price-to-earnings ratio of 11.57 and a beta of 0.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a fifty day moving average of $36.43 and a 200 day moving average of $36.18.

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 net margin of 19.55% and a return on equity of 11.45%. As a group, sell-side analysts forecast that Capital City Bank Group, Inc. will post 3.06 EPS for the current 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. This represents a $0.96 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Monday, March 10th. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.23. Capital City Bank Group’s dividend payout ratio is 30.77%.

Hedge Funds Weigh In On Capital City Bank Group

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in 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 worth $29,000 after buying an additional 277 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Capital City Bank Group during the 3rd quarter worth about $35,000. Lazard Asset Management LLC boosted its stake in shares of 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 during the period. Blue Trust Inc. lifted its stake in Capital City Bank Group by 15.4% in the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 645 shares during the last quarter. Finally, FMR LLC lifted its position 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 during the last quarter. 44.59% of the stock is 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.