Capital City Bank Group (NASDAQ:CCBG) Sees Strong Trading Volume – Here’s What Happened

Capital City Bank Group, Inc. (NASDAQ:CCBG) shares saw an uptick in trading volume on Friday . 17,952 shares traded hands during 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

A number of research firms have commented on CCBG. Keefe, Bruyette & Woods lifted their target price on Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.80.

Capital City Bank Group Price Performance

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 firm has a market capitalization of $624.22 million, a price-to-earnings ratio of 12.08 and a beta of 0.56. The stock has a 50 day moving average price of $37.55 and a two-hundred day moving average price of $33.81.

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

Capital City Bank Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.92 dividend on an annualized basis and a yield of 2.50%. Capital City Bank Group’s dividend payout ratio (DPR) is presently 30.16%.

Hedge Funds Weigh In On Capital City Bank Group

Institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new position in Capital City Bank Group in the third quarter valued at $35,000. Blue Trust Inc. raised its position in Capital City Bank Group by 1,482.3% in the 3rd quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 3,928 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Capital City Bank Group in the 3rd quarter valued at about $184,000. FMR LLC increased its stake in shares of Capital City Bank Group by 48.5% during the third quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after buying an additional 2,164 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in Capital City Bank Group in the third quarter valued at approximately $235,000. 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.