Capital City Bank Group (NASDAQ:CCBG) Sees Strong Trading Volume - Still a Buy?

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 60,356 shares changed 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 Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

Capital City Bank Group Price Performance

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 cap of $699.63 million, a PE ratio of 12.17 and a beta of 0.36. The firm has a 50 day moving average of $38.12 and a two-hundred day moving average of $36.70.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last posted its quarterly 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. The company had revenue of $61.45 million for the quarter, compared to the consensus estimate of $59.75 million. Capital City Bank Group had a return on equity of 11.76% and a net margin of 20.77%. During the same quarter in the prior year, the business posted $0.74 EPS. Research analysts predict that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.96 annualized dividend and a yield of 2.34%. Capital City Bank Group's dividend payout ratio (DPR) is presently 28.49%.

Hedge Funds Weigh In On Capital City Bank Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its position in Capital City Bank Group by 53.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 277 shares in the last quarter. US Bancorp DE increased its stake in shares of Capital City Bank Group by 224.7% in the 1st quarter. US Bancorp DE now owns 1,143 shares of the financial services provider's stock worth $41,000 after purchasing an additional 791 shares in the last quarter. Lazard Asset Management LLC increased its stake in Capital City Bank Group by 30.9% in the 4th quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider's stock worth $68,000 after buying an additional 442 shares in the last quarter. GAMMA Investing LLC increased its stake in Capital City Bank Group by 8,208.6% in the 1st quarter. GAMMA Investing LLC now owns 4,819 shares of the financial services provider's stock worth $173,000 after buying an additional 4,761 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Capital City Bank Group in the 4th quarter worth $235,000. 44.59% of the stock is 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.

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