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

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 60,356 shares changed hands during mid-day 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 cut shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st.

Capital City Bank Group Price Performance

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 company's 50-day simple moving average is $38.37 and its 200-day simple moving average is $36.79. The company has a market cap of $689.05 million, a price-to-earnings ratio of 11.99 and a beta of 0.36.

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

Capital City Bank Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 9th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.96 annualized dividend and a dividend yield of 2.38%. Capital City Bank Group's dividend payout ratio is currently 28.49%.

Hedge Funds Weigh In On Capital City Bank Group

Several institutional investors have recently modified their holdings of CCBG. Tower Research Capital LLC TRC grew its position in shares of Capital City Bank Group by 53.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider's stock worth $29,000 after acquiring an additional 277 shares during the last quarter. US Bancorp DE grew its position in shares of Capital City Bank Group by 224.7% during the first quarter. US Bancorp DE now owns 1,143 shares of the financial services provider's stock worth $41,000 after acquiring an additional 791 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of 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 worth $68,000 after acquiring an additional 442 shares during the last quarter. GAMMA Investing LLC grew its position in shares of 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 worth $173,000 after acquiring an additional 4,761 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Capital City Bank Group during the fourth quarter worth about $235,000. Institutional investors own 44.59% of the company's stock.

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.