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

Capital City Bank Group, Inc. (NASDAQ:CCBG - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 17,952 shares changed hands during mid-day trading, a decline of 43% from the previous session's volume of 31,303 shares.The stock last traded at $36.50 and had previously closed at $36.50.

Analysts Set New Price Targets

CCBG has been the subject of several recent research reports. StockNews.com upgraded shares of Capital City Bank Group from a "hold" rating to a "buy" rating in a report on Tuesday. Keefe, Bruyette & Woods increased their price objective on shares of Capital City Bank Group from $39.00 to $43.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $36.80.

Capital City Bank Group Price Performance

The stock has a market capitalization of $624.22 million, a P/E ratio of 12.08 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 company's 50-day simple moving average is $37.51 and its 200-day simple moving average is $33.69.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.01. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. The company had revenue of $68.84 million for the quarter, compared to analysts' expectations of $54.40 million. As a group, sell-side analysts expect that Capital City Bank Group, Inc. will post 3.05 EPS for the current fiscal year.

Capital City Bank Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.23 per share. The ex-dividend date is Monday, December 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.50%. Capital City Bank Group's dividend payout ratio is currently 30.16%.

Institutional Investors Weigh In On Capital City Bank Group

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP bought a new stake in shares of Capital City Bank Group during the 3rd quarter worth about $5,673,000. American Century Companies Inc. boosted its stake in Capital City Bank Group by 40.9% in the 2nd quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider's stock valued at $3,201,000 after purchasing an additional 32,671 shares during the period. Barclays PLC lifted its holdings in shares of Capital City Bank Group by 46.8% during the third quarter. Barclays PLC now owns 53,402 shares of the financial services provider's stock worth $1,883,000 after buying an additional 17,022 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Capital City Bank Group by 7.2% in the second quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider's stock valued at $4,978,000 after acquiring an additional 11,742 shares in the last quarter. Finally, Inspire Investing LLC bought a new position in shares of Capital City Bank Group during the third quarter worth approximately $414,000. Institutional investors own 44.59% of the company's stock.

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.