Capital City Bank Group (NASDAQ:CCBG) Sees Unusually-High Trading Volume – Here’s Why

Capital City Bank Group, Inc. (NASDAQ:CCBG) shares saw unusually-high trading volume on Monday . Approximately 18,291 shares changed hands during mid-day trading, a decline of 27% from the previous session’s volume of 25,153 shares.The stock last traded at $37.80 and had previously closed at $38.15.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CCBG. StockNews.com raised Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 1st. Keefe, Bruyette & Woods raised 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.

Capital City Bank Group Stock Up 2.4 %

The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The company has a market cap of $644.06 million, a price-to-earnings ratio of 12.19 and a beta of 0.56. The business has a 50-day simple moving average of $37.00 and a two-hundred day simple moving average of $35.77.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results 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 net margin of 19.55% and a return on equity of 11.45%. As a group, equities analysts forecast that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.42%. Capital City Bank Group’s dividend payout ratio is presently 29.49%.

Institutional Trading of Capital City Bank Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in Capital City Bank Group in the 3rd quarter worth $35,000. Blue Trust Inc. grew its holdings in shares of Capital City Bank Group by 1,482.3% during the 3rd quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 3,928 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Capital City Bank Group during the third quarter valued at approximately $184,000. Intech Investment Management LLC acquired a new position in shares of Capital City Bank Group in the fourth quarter valued at $235,000. Finally, FMR LLC lifted its position in Capital City Bank Group by 48.5% in the third 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 period. Institutional investors and hedge funds 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.