Capital City Bank Group (NASDAQ:CCBG) Sees Strong Trading Volume

Capital City Bank Group, Inc. (NASDAQ:CCBG) shares saw strong trading volume on Friday . 31,850 shares were traded during mid-day trading, a decline of 0% from the previous session’s volume of 31,915 shares.The stock last traded at $35.05 and had previously closed at $35.71.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Hovde Group raised their price target on Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price objective on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Piper Sandler lowered Capital City Bank Group from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $30.00 to $34.00 in a report on Monday, July 29th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Capital City Bank Group presently has a consensus rating of “Hold” and a consensus target price of $35.80.

Capital City Bank Group Stock Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $591.99 million, a price-to-earnings ratio of 11.63 and a beta of 0.53. The stock’s 50-day moving average is $33.39 and its 200 day moving average is $29.42.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. The firm had revenue of $58.88 million during the quarter, compared to the consensus estimate of $55.15 million. Capital City Bank Group had a net margin of 19.67% and a return on equity of 11.67%.

Capital City Bank Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 9th will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.92 dividend on an annualized basis and a yield of 2.63%. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.21. Capital City Bank Group’s dividend payout ratio (DPR) is presently 29.97%.

Insider Activity at Capital City Bank Group

In other news, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the sale, the treasurer now directly owns 140,681 shares in the company, valued at approximately $4,756,424.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the sale, the treasurer now directly owns 140,681 shares in the company, valued at approximately $4,756,424.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Treasurer Thomas A. Barron sold 8,000 shares of Capital City Bank Group stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $35.26, for a total value of $282,080.00. Following the transaction, the treasurer now owns 143,681 shares of the company’s stock, valued at $5,066,192.06. The disclosure for this sale can be found here. 19.40% of the stock is owned by insiders.

Institutional Trading of Capital City Bank Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Capital City Bank Group by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 867,642 shares of the financial services provider’s stock worth $24,675,000 after buying an additional 4,606 shares in the last quarter. Heartland Advisors Inc. lifted its holdings in Capital City Bank Group by 9.6% in the 1st quarter. Heartland Advisors Inc. now owns 608,610 shares of the financial services provider’s stock worth $16,858,000 after buying an additional 53,450 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Capital City Bank Group by 4.0% in the 2nd quarter. Renaissance Technologies LLC now owns 206,871 shares of the financial services provider’s stock worth $5,883,000 after buying an additional 8,000 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Capital City Bank Group by 7.2% in the 2nd quarter. Acadian Asset Management LLC now owns 175,117 shares of the financial services provider’s stock worth $4,978,000 after buying an additional 11,742 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings 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 worth $3,201,000 after buying an additional 32,671 shares in the last quarter. 44.59% of the stock is owned by hedge funds and other institutional investors.

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.