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

Key Points

• Capital City Bank Group experienced a 16% increase in trading volume, with 36,291 shares traded on a recent Wednesday, and the stock is currently priced at $43.64.
• Analysts have mixed ratings for the stock, with one upgrading the price target to $45.00 and others downgrading it to a "hold," leading to a consensus "Buy" rating.
• The company announced a quarterly dividend increase to $0.26 per share, up from $0.24, reflecting a dividend yield of 2.4% with an ex-dividend date of September 8th.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 36,291 shares traded hands during trading, an increase of 16% from the previous session's volume of 31,262 shares.The stock last traded at $43.64 and had previously closed at $43.52.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their price target on shares of Capital City Bank Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Capital City Bank Group presently has an average rating of "Buy" and a consensus price target of $45.00.

Capital City Bank Group Stock Performance

The company has a market cap of $739.64 million, a PE ratio of 12.67 and a beta of 0.39. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.83. The stock's 50-day simple moving average is $41.63 and its 200 day simple moving average is $38.58.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.05. The company had revenue of $63.20 million during the quarter, compared to the consensus estimate of $62.35 million. Capital City Bank Group had a net margin of 20.86% and a return on equity of 11.56%. During the same quarter in the prior year, the firm earned $0.83 EPS. As a group, equities analysts anticipate that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Monday, September 8th will be issued a $0.26 dividend. The ex-dividend date is Monday, September 8th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from Capital City Bank Group's previous quarterly dividend of $0.24. Capital City Bank Group's payout ratio is 30.41%.

Hedge Funds Weigh In On Capital City Bank Group

Several hedge funds have recently added to or reduced their stakes in CCBG. Wellington Management Group LLP increased its holdings in Capital City Bank Group by 43.6% during the 4th quarter. Wellington Management Group LLP now owns 230,744 shares of the financial services provider's stock valued at $8,457,000 after acquiring an additional 70,004 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. boosted its stake in shares of Capital City Bank Group by 38.6% during the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 160,191 shares of the financial services provider's stock worth $5,760,000 after purchasing an additional 44,572 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Capital City Bank Group by 19.0% during the 1st quarter. American Century Companies Inc. now owns 257,804 shares of the financial services provider's stock worth $9,271,000 after purchasing an additional 41,121 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Capital City Bank Group during the 1st quarter worth about $1,199,000. Finally, Axecap Investments LLC acquired a new stake in shares of Capital City Bank Group during the 1st quarter worth about $883,000. 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 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.