Capital City Bank Group (NASDAQ:CCBG) Sees Unusually-High Trading Volume – Here’s Why

Capital City Bank Group (NASDAQ:CCBG) shares saw unusually-strong trading volume on Thursday . Approximately 50,529 shares traded hands during mid-day trading, a decline of 11% from the previous session’s volume of 56,846 shares.The stock last traded at $44.0350 and had previously closed at $43.52.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CCBG. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a research report on Monday, December 29th. Zacks Research upgraded shares of Capital City Bank Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $45.00.

Capital City Bank Group Price Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.83. The company has a fifty day moving average of $42.55 and a 200 day moving average of $41.80. The firm has a market capitalization of $760.77 million, a P/E ratio of 12.48 and a beta of 0.36.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. Capital City Bank Group had a net margin of 21.50% and a return on equity of 11.75%. The firm had revenue of $65.89 million during the quarter, compared to the consensus estimate of $64.30 million. During the same period in the previous year, the firm posted $0.78 earnings per share. Sell-side analysts predict that Capital City Bank Group will post 3.06 earnings per share for the current year.

Capital City Bank Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.04 annualized dividend and a dividend yield of 2.3%. Capital City Bank Group’s dividend payout ratio (DPR) is presently 29.13%.

Hedge Funds Weigh In On Capital City Bank Group

A number of hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in shares of Capital City Bank Group by 13.8% during the second quarter. American Century Companies Inc. now owns 293,407 shares of the financial services provider’s stock worth $11,546,000 after buying an additional 35,603 shares during the period. Integrated Quantitative Investments LLC purchased a new stake in shares of Capital City Bank Group in the 2nd quarter valued at approximately $336,000. Inspire Investing LLC grew its stake in Capital City Bank Group by 7.8% during the 2nd quarter. Inspire Investing LLC now owns 33,117 shares of the financial services provider’s stock worth $1,303,000 after purchasing an additional 2,393 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in shares of Capital City Bank Group by 18.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 20,100 shares of the financial services provider’s stock valued at $791,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in Capital City Bank Group by 4.0% during the 2nd quarter. Bridgeway Capital Management LLC now owns 67,891 shares of the financial services provider’s stock valued at $2,672,000 after acquiring an additional 2,640 shares during the last quarter. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.