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

Capital City Bank Group, Inc. (NASDAQ:CCBG) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 45,200 shares, a decrease of 12.1% from the October 15th total of 51,400 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 29,300 shares, the days-to-cover ratio is currently 1.5 days.

Capital City Bank Group Price Performance

Shares of NASDAQ:CCBG traded down $0.24 during trading on Friday, reaching $38.34. The stock had a trading volume of 25,354 shares, compared to its average volume of 31,688. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. Capital City Bank Group has a 1-year low of $25.45 and a 1-year high of $40.08. The stock has a market cap of $649.63 million, a PE ratio of 12.57 and a beta of 0.53. The business has a fifty day moving average price of $35.32 and a 200-day moving average price of $31.78.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $68.84 million during the quarter, compared to analyst estimates of $54.40 million. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%.

Capital City Bank Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.40%. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, September 9th. Capital City Bank Group’s dividend payout ratio (DPR) is 30.16%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Hovde Group upped their price objective on shares of Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. StockNews.com upgraded Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Thursday. Piper Sandler cut shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $30.00 to $34.00 in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods increased their target price on Capital City Bank Group from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.80.

Insider Buying and Selling at Capital City Bank Group

In related news, Treasurer Thomas A. Barron sold 3,000 shares of Capital City Bank Group stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the sale, the treasurer now owns 140,681 shares of the company’s stock, valued at $4,756,424.61. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 19.40% of the company’s stock.

Institutional Investors Weigh In On Capital City Bank Group

A number of large investors have recently made changes to their positions in CCBG. Lazard Asset Management LLC raised its stake in Capital City Bank Group by 22.3% during the first quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 662 shares during the period. Blue Trust Inc. increased its holdings in shares of 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 buying an additional 3,928 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Capital City Bank Group during the 3rd quarter valued at approximately $184,000. FMR LLC grew its position in Capital City Bank Group by 48.5% in the third quarter. FMR LLC now owns 6,630 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 2,164 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in Capital City Bank Group during the third quarter worth about $235,000. 44.59% of the stock is currently owned by hedge funds and other institutional investors.

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.