Capital City Bank Group (NASDAQ:CCBG) Sees Large Volume Increase - Should You Buy?

Capital City Bank Group, Inc. (NASDAQ:CCBG - Get Free Report) saw strong trading volume on Wednesday . 22,413 shares were traded during trading, a decline of 24% from the previous session's volume of 29,680 shares.The stock last traded at $34.00 and had previously closed at $33.01.

Wall Street Analyst Weigh In

CCBG has been the topic of a number of analyst reports. StockNews.com downgraded 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 shares of 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.

Capital City Bank Group Stock Up 1.2 %

The company has a 50-day moving average of $35.56 and a 200-day moving average of $36.36. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $584.95 million, a price-to-earnings ratio of 10.99 and a beta of 0.37.

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

Capital City Bank Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.80%. 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 presently 30.77%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in shares of 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 valued at $29,000 after buying an additional 277 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Capital City Bank Group during the third quarter worth about $35,000. Lazard Asset Management LLC raised its position in Capital City Bank Group by 30.9% during the fourth quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 442 shares in the last quarter. Blue Trust Inc. lifted its holdings 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 valued at $171,000 after acquiring an additional 645 shares during the period. Finally, GAMMA Investing LLC boosted its position in Capital City Bank Group by 8,208.6% in the 1st quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider's stock worth $173,000 after purchasing an additional 4,761 shares in the last quarter. 44.59% of the stock is currently 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.