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

Capital City Bank Group, Inc. (NASDAQ:CCBG) shares saw strong trading volume on Friday . 21,472 shares were traded during 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.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com cut Capital City Bank Group from a “buy” rating to a “hold” rating in a 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 stock an “outperform” rating in a report on Friday, January 31st.

Capital City Bank Group Stock Performance

The company has a market capitalization of $610.36 million, a price-to-earnings ratio of 11.47 and a beta of 0.54. The stock has a fifty day moving average price of $36.42 and a two-hundred day moving average price of $36.35. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 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%. As a group, analysts forecast that Capital City Bank Group, Inc. will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders 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 is Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.68%. Capital City Bank Group’s dividend payout ratio is presently 30.77%.

Institutional Investors Weigh In On Capital City Bank Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its position in shares of Capital City Bank Group by 53.5% in the fourth 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. Sterling Capital Management LLC boosted its position in shares of Capital City Bank Group by 4.5% in the fourth quarter. Sterling Capital Management LLC now owns 9,082 shares of the financial services provider’s stock worth $333,000 after buying an additional 394 shares during the period. Lazard Asset Management LLC boosted its position in shares of Capital City Bank Group by 30.9% in the fourth 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. Mariner LLC boosted its position in shares of Capital City Bank Group by 4.7% in the fourth quarter. Mariner LLC now owns 9,849 shares of the financial services provider’s stock worth $361,000 after buying an additional 443 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of 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 buying an additional 645 shares during the period. 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.