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%.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 61,204 shares were traded 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.

Analysts Set New Price Targets

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

Capital City Bank Group Stock Performance

The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average of $39.30 and a 200 day moving average of $37.44. The firm has a market capitalization of $665.56 million, a PE ratio of 11.40 and a beta of 0.41.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.05. Capital City Bank Group had a return on equity of 11.56% and a net margin of 20.86%. The business had revenue of $63.20 million during the quarter, compared to analyst estimates of $62.35 million. During the same quarter in the prior year, the company posted $0.83 EPS. Equities research analysts predict that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in Capital City Bank Group by 53.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider's stock worth $29,000 after buying an additional 277 shares in the last quarter. US Bancorp DE raised its position in shares of Capital City Bank Group by 224.7% in 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 period. Lazard Asset Management LLC raised its position in shares of Capital City Bank Group by 30.9% in 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 period. GAMMA Investing LLC raised its position in shares of Capital City Bank Group by 8,208.6% in 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 period. Finally, Deutsche Bank AG raised its position in shares of Capital City Bank Group by 17.8% in the fourth quarter. Deutsche Bank AG now owns 7,481 shares of the financial services provider's stock worth $274,000 after acquiring an additional 1,133 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.