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

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) saw an uptick in trading volume on Tuesday . 36,313 shares were traded during mid-day trading, an increase of 24% from the previous session's volume of 29,342 shares.The stock last traded at $39.20 and had previously closed at $39.11.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Capital City Bank Group from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st.

Capital City Bank Group Trading Up 1.2%

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. The firm has a market cap of $704.88 million, a P/E ratio of 12.26 and a beta of 0.36. The firm's 50-day simple moving average is $37.83 and its 200 day simple moving average is $36.62.

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

Capital City Bank Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 9th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Monday, June 9th. Capital City Bank Group's dividend payout ratio is currently 28.49%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Inspire Investing LLC raised its stake in Capital City Bank Group by 181.4% in the 1st quarter. Inspire Investing LLC now owns 30,724 shares of the financial services provider's stock valued at $1,105,000 after acquiring an additional 19,805 shares during the period. Jane Street Group LLC bought a new position in Capital City Bank Group during the first quarter worth about $555,000. Empowered Funds LLC increased its stake in shares of Capital City Bank Group by 8.1% in the first quarter. Empowered Funds LLC now owns 28,079 shares of the financial services provider's stock worth $1,010,000 after purchasing an additional 2,115 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Capital City Bank Group by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,175 shares of the financial services provider's stock valued at $294,000 after purchasing an additional 327 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Capital City Bank Group by 24.1% in the first quarter. AQR Capital Management LLC now owns 12,177 shares of the financial services provider's stock valued at $438,000 after purchasing an additional 2,362 shares during the period. Hedge funds and other 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.