Capital City Bank Group, Inc. (NASDAQ:CCBG) Sees Significant Decline in Short Interest

Capital City Bank Group, Inc. (NASDAQ:CCBG) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 82,000 shares, a decrease of 5.9% from the October 15th total of 87,100 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 26,500 shares, the short-interest ratio is presently 3.1 days.

Insider Transactions at Capital City Bank Group

In related news, Director Marshall M. Criser III purchased 2,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was purchased at an average cost of $27.06 per share, for a total transaction of $54,120.00. Following the acquisition, the director now owns 13,900 shares in the company, valued at $376,134. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Capital City Bank Group news, Director Laura L. Johnson bought 1,000 shares of Capital City Bank Group stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of $30.53 per share, for a total transaction of $30,530.00. Following the purchase, the director now owns 33,091 shares in the company, valued at approximately $1,010,268.23. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Marshall M. Criser III acquired 2,000 shares of Capital City Bank Group stock in a transaction on Thursday, October 26th. The shares were bought at an average price of $27.06 per share, for a total transaction of $54,120.00. Following the completion of the purchase, the director now directly owns 13,900 shares in the company, valued at $376,134. The disclosure for this purchase can be found here. Company insiders own 23.20% of the company’s stock.

Hedge Funds Weigh In On Capital City Bank Group

Hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. grew its position in Capital City Bank Group by 336.2% during the first quarter. Federated Hermes Inc. now owns 1,278 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 985 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Capital City Bank Group by 93.2% in the third quarter. Tower Research Capital LLC TRC now owns 1,428 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 689 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Capital City Bank Group by 599.3% during the 2nd quarter. Captrust Financial Advisors now owns 1,986 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 1,702 shares during the period. Lazard Asset Management LLC lifted its position in shares of Capital City Bank Group by 178.8% during the 2nd quarter. Lazard Asset Management LLC now owns 2,755 shares of the financial services provider’s stock worth $84,000 after buying an additional 1,767 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Capital City Bank Group by 47.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,837 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 916 shares in the last quarter. 45.79% of the stock is currently owned by institutional investors and hedge funds.

Capital City Bank Group Stock Performance

NASDAQ CCBG traded up $0.10 on Friday, hitting $27.84. The stock had a trading volume of 52,097 shares, compared to its average volume of 33,569. The company’s 50-day moving average is $29.36 and its two-hundred day moving average is $30.45. Capital City Bank Group has a one year low of $26.12 and a one year high of $36.86. The stock has a market cap of $473.00 million, a price-to-earnings ratio of 8.70 and a beta of 0.63. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.13.

Capital City Bank Group (NASDAQ:CCBG) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). Capital City Bank Group had a net margin of 20.74% and a return on equity of 13.30%. The business had revenue of $59.33 million during the quarter, compared to analyst estimates of $62.45 million. On average, analysts expect that Capital City Bank Group will post 3.26 earnings per share for the current year.

Capital City Bank Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 11th were issued a dividend of $0.20 per share. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, September 8th. This represents a $0.80 annualized dividend and a yield of 2.87%. Capital City Bank Group’s payout ratio is presently 25.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. StockNews.com began coverage on shares of Capital City Bank Group in a report on Thursday, October 5th. They issued a “hold” rating for the company. DA Davidson cut Capital City Bank Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $33.50 to $32.50 in a research report on Wednesday. Finally, Piper Sandler reduced their price objective on Capital City Bank Group from $42.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday, August 15th.

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 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.