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

Key Points

• Capital City Bank Group saw a significant increase in trading volume, with approximately 61,204 shares traded, marking a 61% increase from the previous session's volume.
• Wall Street ratings reflect mixed sentiments, as one brokerage downgraded the stock from "buy" to "hold" while another raised its price target from $43.00 to $45.00.
• The company recently declared a quarterly dividend of $0.24 per share, translating to an annualized dividend yield of 2.5%.

Shares of Capital City Bank Group (NASDAQ:CCBG - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 61,204 shares changed hands during trading, an increase of 61% from the previous session's volume of 38,015 shares.The stock last traded at $38.44 and had previously closed at $38.89.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CCBG. Wall Street Zen downgraded Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Keefe, Bruyette & Woods raised their price target on shares of Capital City Bank Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd.

Capital City Bank Group Price Performance

The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. The stock has a market cap of $657.71 million, a PE ratio of 11.23 and a beta of 0.41. The business has a 50-day moving average price of $39.24 and a 200 day moving average price of $37.37.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.05. Capital City Bank Group had a net margin of 20.86% and a return on equity of 11.56%. The firm had revenue of $63.20 million during the quarter, compared to analyst estimates of $62.35 million. During the same quarter last year, the business earned $0.83 earnings per share. As a group, research analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 9th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, June 9th. Capital City Bank Group's payout ratio is currently 28.07%.

Institutional Investors Weigh In On Capital City Bank Group

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Capital City Bank Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 748,187 shares of the financial services provider's stock worth $27,421,000 after acquiring an additional 9,196 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Capital City Bank Group by 18.5% in the fourth quarter. JPMorgan Chase & Co. now owns 103,554 shares of the financial services provider's stock worth $3,795,000 after purchasing an additional 16,158 shares during the last quarter. 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 purchasing an additional 70,004 shares during the period. Wells Fargo & Company MN raised its position in Capital City Bank Group by 11.3% during the 4th quarter. Wells Fargo & Company MN now owns 17,321 shares of the financial services provider's stock valued at $635,000 after purchasing an additional 1,761 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Capital City Bank Group by 9.9% in the 4th quarter. Invesco Ltd. now owns 27,249 shares of the financial services provider's stock worth $999,000 after buying an additional 2,461 shares during the period. 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.

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