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

Capital City Bank Group, Inc. (NASDAQ:CCBG) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 51,700 shares, a decrease of 6.8% from the August 31st total of 55,500 shares. Based on an average daily trading volume, of 40,800 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.4% of the shares of the company are sold short.

Wall Street Analyst Weigh In

CCBG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their price target on Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Hovde Group boosted their price target 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. Finally, Piper Sandler lowered shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $30.00 to $34.00 in a research note on Monday, July 29th. Four analysts have rated the stock with a hold 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 “Hold” and an average price target of $35.80.

Insider Buying and Selling

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was 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 $4,756,424.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Treasurer Thomas A. Barron sold 8,000 shares of the business’s 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 completion of the transaction, the treasurer now directly owns 143,681 shares in the company, valued at $5,066,192.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 completion of the sale, the treasurer now owns 140,681 shares in the company, valued at $4,756,424.61. The disclosure for this sale can be found here. 19.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Capital City Bank Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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. Rhumbline Advisers boosted its holdings in Capital City Bank Group by 6.5% in the second quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock worth $614,000 after purchasing an additional 1,316 shares in the last quarter. Isthmus Partners LLC increased 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 worth $31,000 after buying an additional 1,346 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Capital City Bank Group by 16.0% during the first quarter. Los Angeles Capital Management LLC now owns 10,710 shares of the financial services provider’s stock valued at $297,000 after buying an additional 1,480 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in Capital City Bank Group by 2.8% during the second quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider’s stock valued at $2,221,000 after buying an additional 2,093 shares in the last quarter. Institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Price Performance

CCBG stock traded down $0.13 during trading hours on Friday, hitting $34.60. 21,814 shares of the stock traded hands, compared to its average volume of 32,501. The stock has a 50-day simple moving average of $33.80 and a 200 day simple moving average of $29.72. 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 has a one year low of $25.45 and a one year high of $36.67. The company has a market cap of $586.23 million, a P/E ratio of 11.27 and a beta of 0.53.

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

Capital City Bank Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were paid a $0.23 dividend. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, September 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.66%. Capital City Bank Group’s payout ratio is presently 29.97%.

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.