Capital City Bank Group (NASDAQ:CCBG) Sees Unusually-High Trading Volume - Still a Buy?

Capital City Bank Group, Inc. (NASDAQ:CCBG - Get Free Report) saw an uptick in 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.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Keefe, Bruyette & Woods upped their target price on Capital City Bank Group from $43.00 to $44.00 and gave the company an "outperform" rating in a report on Friday, January 31st. StockNews.com lowered shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Friday, March 7th.

Capital City Bank Group Stock Down 0.8 %

The business has a fifty day moving average of $36.48 and a 200 day moving average of $36.40. 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 stock has a market capitalization of $618.72 million, a price-to-earnings ratio of 11.63 and a beta of 0.54.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate 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, equities analysts predict that Capital City Bank Group, Inc. will post 3.06 earnings per share for the current year.

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Capital City Bank Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.24 per share. The ex-dividend date was Monday, March 10th. This is a boost from Capital City Bank Group's previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.65%. Capital City Bank Group's dividend payout ratio (DPR) is currently 30.77%.

Hedge Funds Weigh In On Capital City Bank Group

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in Capital City Bank Group by 80.1% in the third quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider's stock valued at $3,084,000 after purchasing an additional 38,876 shares during the period. FMR LLC raised its holdings in shares of Capital City Bank Group by 48.5% in the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider's stock valued at $234,000 after buying an additional 2,164 shares during the period. Blue Trust Inc. raised its holdings in shares of Capital City Bank Group by 15.4% in 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 during the period. Barclays PLC lifted its stake in Capital City Bank Group by 46.8% during the 3rd quarter. Barclays PLC now owns 53,402 shares of the financial services provider's stock worth $1,883,000 after acquiring an additional 17,022 shares in the last quarter. Finally, State Street Corp boosted its holdings in Capital City Bank Group by 1.8% during the 3rd quarter. State Street Corp now owns 341,426 shares of the financial services provider's stock valued at $12,049,000 after acquiring an additional 5,980 shares during the period. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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.