Capital City Bank Group (NASDAQ:CCBG) Sees Unusually-High Trading Volume – What’s Next?

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) saw an uptick in trading volume on Friday . 21,472 shares changed hands 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. StockNews.com cut shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Friday, March 7th.

Capital City Bank Group Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a market capitalization of $610.36 million, a PE ratio of 11.47 and a beta of 0.54. The business’s fifty day simple moving average is $36.42 and its 200-day simple moving average is $36.35.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share for the quarter, topping 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 research analysts expect that Capital City Bank Group, Inc. will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Monday, March 10th. 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 (DPR) is 30.77%.

Institutional Investors Weigh In On Capital City Bank Group

Several hedge funds and other institutional investors have recently made changes to their positions in CCBG. Wellington Management Group LLP acquired a new stake in shares of Capital City Bank Group during the 3rd quarter worth about $5,673,000. American Century Companies Inc. raised its position in shares of Capital City Bank Group by 33.2% during the 4th quarter. American Century Companies Inc. now owns 216,683 shares of the financial services provider’s stock worth $7,941,000 after acquiring an additional 54,059 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Capital City Bank Group by 80.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider’s stock worth $3,084,000 after buying an additional 38,876 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Capital City Bank Group by 42.7% during the 4th quarter. Bank of New York Mellon Corp now owns 77,207 shares of the financial services provider’s stock worth $2,830,000 after buying an additional 23,113 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Capital City Bank Group during the 4th quarter worth approximately $647,000. 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.