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

Capital City Bank Group, Inc. (NASDAQ:CCBG) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 73,100 shares, a growth of 68.8% from the February 28th total of 43,300 shares. Based on an average trading volume of 26,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.5% of the company’s shares are short sold.

Capital City Bank Group Stock Performance

NASDAQ CCBG traded down $0.79 during trading on Monday, reaching $35.06. 1,991 shares of the company’s stock were exchanged, compared to its average volume of 23,952. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The business has a 50 day moving average price of $36.51 and a 200-day moving average price of $36.46. The stock has a market capitalization of $597.91 million, a P/E ratio of 11.24 and a beta of 0.54. Capital City Bank Group has a fifty-two week low of $25.45 and a fifty-two 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 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%. Sell-side analysts forecast that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.24 dividend. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Monday, March 10th. Capital City Bank Group’s payout ratio is 30.77%.

Institutional Investors Weigh In On Capital City Bank Group

Several institutional investors and hedge funds have recently bought and sold shares of CCBG. Tower Research Capital LLC TRC grew its holdings in shares of Capital City Bank Group by 53.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 277 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Capital City Bank Group in the 3rd quarter valued at $35,000. Lazard Asset Management LLC increased its position in shares of Capital City Bank Group by 30.9% during the fourth quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider’s stock worth $68,000 after buying an additional 442 shares during the period. Blue Trust Inc. raised its stake in Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider’s stock worth $171,000 after buying an additional 645 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Capital City Bank Group in the fourth quarter valued at $235,000. Institutional investors own 44.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CCBG. Keefe, Bruyette & Woods boosted their price objective on Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. StockNews.com downgraded shares of Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

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.