Capital City Bank Group (NASDAQ:CCBG) Sees Large Volume Increase - Should You Buy?

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) shares saw an uptick in trading volume on Wednesday . 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.

Analyst Ratings Changes

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

Capital City Bank Group Trading Down 3.0%

The business's 50-day simple moving average is $38.37 and its two-hundred day simple moving average is $36.79. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $689.05 million, a PE ratio of 11.99 and a beta of 0.36.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.99 EPS 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 business had revenue of $61.45 million for the quarter, compared to analysts' expectations of $59.75 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share. On average, 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 business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.38%. Capital City Bank Group's dividend payout ratio (DPR) is presently 28.49%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in shares of Capital City Bank Group by 42.7% in the 4th quarter. Bank of New York Mellon Corp now owns 77,207 shares of the financial services provider's stock valued at $2,830,000 after purchasing an additional 23,113 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Capital City Bank Group in the fourth quarter valued at about $647,000. Intech Investment Management LLC acquired a new stake in Capital City Bank Group during the fourth quarter valued at approximately $235,000. American Century Companies Inc. raised its stake in Capital City Bank Group by 33.2% during the fourth quarter. American Century Companies Inc. now owns 216,683 shares of the financial services provider's stock valued at $7,941,000 after buying an additional 54,059 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Capital City Bank Group during the 4th quarter worth approximately $359,000. 44.59% of the stock is currently owned by institutional investors.

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.