Capital City Bank Group (NASDAQ:CCBG) Sees Strong Trading Volume

Shares of Capital City Bank Group, Inc. (NASDAQ:CCBG) saw unusually-high trading volume on Friday . Approximately 31,850 shares changed hands during mid-day trading, a decline of 0% from the previous session’s volume of 31,915 shares.The stock last traded at $35.05 and had previously closed at $35.71.

Analyst Ratings Changes

CCBG has been the subject of several recent analyst reports. Hovde Group upped their target price on shares of Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 24th. Piper Sandler cut shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $30.00 to $34.00 in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Capital City Bank Group presently has a consensus rating of “Hold” and an average price target of $35.80.

Capital City Bank Group Trading Down 2.2 %

The stock has a market capitalization of $591.99 million, a P/E ratio of 11.63 and a beta of 0.53. The business’s fifty day simple moving average is $33.39 and its two-hundred day simple moving average is $29.42. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.71 by $0.12. The company had revenue of $58.88 million during the quarter, compared to analysts’ expectations of $55.15 million. Capital City Bank Group had a net margin of 19.67% and a return on equity of 11.67%.

Capital City Bank Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 9th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Monday, September 9th. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.21. Capital City Bank Group’s payout ratio is currently 29.97%.

Insider Buying and Selling

In related news, Treasurer Thomas A. Barron sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the transaction, the treasurer now directly owns 140,681 shares of the company’s stock, valued at $4,756,424.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Treasurer Thomas A. Barron sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the sale, the treasurer now directly owns 140,681 shares in the company, valued at approximately $4,756,424.61. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Treasurer Thomas A. Barron sold 8,000 shares of Capital City Bank Group stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $35.26, for a total transaction of $282,080.00. Following the sale, the treasurer now owns 143,681 shares in the company, valued at $5,066,192.06. The disclosure for this sale can be found here. 19.40% of the stock is owned by corporate insiders.

Institutional Trading of Capital City Bank Group

Large investors have recently modified their holdings of the business. Isthmus Partners LLC lifted its position in Capital City Bank Group by 1.3% during the second quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,346 shares during the period. Lazard Asset Management LLC grew its position in Capital City Bank Group by 22.3% in the first quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 662 shares in the last quarter. Princeton Capital Management LLC purchased a new stake in Capital City Bank Group during the 2nd quarter valued at $204,000. Allspring Global Investments Holdings LLC purchased a new position in Capital City Bank Group during the second quarter worth $211,000. Finally, Janus Henderson Group PLC bought a new position in Capital City Bank Group during the 1st quarter valued at about $284,000. 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.