Capital City Bank Group (NASDAQ:CCBG) Sees Unusually-High Trading Volume - Time to Buy?

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 60,356 shares traded hands during trading, an increase of 102% from the previous session's volume of 29,888 shares.The stock last traded at $41.05 and had previously closed at $41.05.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Capital City Bank Group from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st.

Capital City Bank Group Stock Performance

The stock has a 50-day simple moving average of $38.21 and a 200-day simple moving average of $36.73. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $703.55 million, a PE ratio of 12.24 and a beta of 0.36.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last issued its earnings results on Monday, April 21st. The financial services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.24. Capital City Bank Group had a return on equity of 11.76% and a net margin of 20.77%. The company had revenue of $61.45 million during the quarter, compared to the consensus estimate of $59.75 million. During the same quarter in the prior year, the business earned $0.74 earnings per share. Equities analysts predict that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 9th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Monday, June 9th. Capital City Bank Group's payout ratio is 28.49%.

Institutional Investors Weigh In On Capital City Bank Group

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in Capital City Bank Group by 8,208.6% during the first quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider's stock valued at $173,000 after buying an additional 4,761 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Capital City Bank Group during the fourth quarter valued at approximately $647,000. Mariner LLC raised its stake in Capital City Bank Group by 4.7% during the fourth quarter. Mariner LLC now owns 9,849 shares of the financial services provider's stock valued at $361,000 after buying an additional 443 shares in the last quarter. Lazard Asset Management LLC raised its stake 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 buying an additional 442 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Capital City Bank Group by 14.8% during the fourth quarter. Bank of America Corp DE now owns 25,311 shares of the financial services provider's stock valued at $928,000 after buying an additional 3,257 shares in the last quarter. Hedge funds and other institutional investors own 44.59% of the company's stock.

About Capital City Bank Group

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.