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

Capital City Bank Group, Inc. (NASDAQ:CCBG) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 45,300 shares, a decrease of 44.5% from the January 15th total of 81,600 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 29,600 shares, the days-to-cover ratio is presently 1.5 days.

Capital City Bank Group Price Performance

Shares of NASDAQ CCBG traded up $0.37 during trading on Thursday, hitting $37.17. The company had a trading volume of 5,202 shares, compared to its average volume of 24,419. The company has a market cap of $629.71 million, a P/E ratio of 11.88 and a beta of 0.56. 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 business’s 50-day moving average is $36.92 and its 200 day moving average is $35.79. Capital City Bank Group has a 52 week low of $25.45 and a 52 week high of $40.86.

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

Capital City Bank Group Dividend Announcement

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

Institutional Trading of Capital City Bank Group

A number of hedge funds have recently made changes to their positions in CCBG. Sterling Capital Management LLC boosted its holdings in shares of Capital City Bank Group by 4.5% during the fourth quarter. Sterling Capital Management LLC now owns 9,082 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 394 shares during the period. Martingale Asset Management L P boosted its holdings in shares of Capital City Bank Group by 2.2% during the fourth quarter. Martingale Asset Management L P now owns 44,224 shares of the financial services provider’s stock worth $1,621,000 after purchasing an additional 970 shares during the period. Invesco Ltd. boosted its holdings in shares of Capital City Bank Group by 9.9% during the fourth quarter. Invesco Ltd. now owns 27,249 shares of the financial services provider’s stock worth $999,000 after purchasing an additional 2,461 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Capital City Bank Group by 11.3% during the fourth quarter. Wells Fargo & Company MN now owns 17,321 shares of the financial services provider’s stock worth $635,000 after purchasing an additional 1,761 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Capital City Bank Group by 43.6% in the fourth quarter. Wellington Management Group LLP now owns 230,744 shares of the financial services provider’s stock valued at $8,457,000 after acquiring an additional 70,004 shares during the last quarter. 44.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CCBG shares. StockNews.com upgraded shares of Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 1st. Keefe, Bruyette & Woods upped their price objective 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.

Capital City Bank Group Company Profile

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.