Capital City Bank Group, Inc. (NASDAQ:CCBG) Short Interest Update

Capital City Bank Group, Inc. (NASDAQ:CCBG) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 45,300 shares, a decline of 44.5% from the January 15th total of 81,600 shares. Based on an average trading volume of 29,600 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.3% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. StockNews.com upgraded Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 1st.

Institutional Trading of Capital City Bank Group

Institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in Capital City Bank Group during the 3rd quarter worth $35,000. Blue Trust Inc. grew its holdings in Capital City Bank Group by 1,482.3% during the 3rd quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock worth $148,000 after acquiring an additional 3,928 shares during the period. SG Americas Securities LLC acquired a new position in shares of Capital City Bank Group in the 3rd quarter valued at $184,000. Intech Investment Management LLC acquired a new position in shares of Capital City Bank Group in the 4th quarter valued at $235,000. Finally, FMR LLC grew its holdings in shares of Capital City Bank Group by 48.5% in the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock valued at $234,000 after buying an additional 2,164 shares during the period. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Price Performance

Shares of CCBG stock traded up $0.37 during trading hours on Thursday, hitting $37.17. The company had a trading volume of 5,202 shares, compared to its average volume of 24,419. Capital City Bank Group has a 12 month low of $25.45 and a 12 month high of $40.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The firm’s fifty day moving average is $36.92 and its 200 day moving average is $35.79. The firm has a market capitalization of $629.71 million, a price-to-earnings ratio of 11.88 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. On average, sell-side analysts predict that Capital City Bank Group will post 3.06 EPS for the current fiscal year.

Capital City Bank Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.47%. The ex-dividend date was Monday, December 9th. Capital City Bank Group’s dividend payout ratio (DPR) is presently 29.49%.

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.