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

Capital City Bank Group (NASDAQ:CCBG) saw unusually-high trading volume on Thursday . Approximately 50,529 shares were traded during mid-day trading, a decline of 11% from the previous session’s volume of 56,846 shares.The stock last traded at $44.0350 and had previously closed at $43.52.

Analysts Set New Price Targets

A number of analysts recently commented on CCBG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital City Bank Group in a research note on Monday, December 29th. Zacks Research raised shares of Capital City Bank Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $45.00.

Capital City Bank Group Stock Up 2.6%

The stock’s 50 day simple moving average is $42.36 and its two-hundred day simple moving average is $41.74. The firm has a market cap of $765.40 million, a P/E ratio of 12.56 and a beta of 0.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.83.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. The company had revenue of $65.89 million for the quarter, compared to the consensus estimate of $64.30 million. Capital City Bank Group had a return on equity of 11.75% and a net margin of 21.50%.During the same quarter in the prior year, the business posted $0.78 EPS. As a group, research analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current year.

Capital City Bank Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, December 1st. Capital City Bank Group’s dividend payout ratio (DPR) is presently 29.13%.

Institutional Trading of Capital City Bank Group

A number of institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its stake in shares of Capital City Bank Group by 65.7% in the fourth quarter. SG Americas Securities LLC now owns 4,830 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 1,915 shares during the period. Diversified Trust Co. purchased a new stake in Capital City Bank Group in the fourth quarter worth approximately $223,000. JPMorgan Chase & Co. grew its position in Capital City Bank Group by 11.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 62,766 shares of the financial services provider’s stock worth $2,623,000 after purchasing an additional 6,428 shares during the period. PharVision Advisers LLC purchased a new stake in Capital City Bank Group during the 3rd quarter valued at $248,000. Finally, Quarry LP bought a new position in shares of Capital City Bank Group during the 3rd quarter valued at $38,000. 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 is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.