Capital City Bank Group, Inc. (NASDAQ:CCBG) Short Interest Down 12.1% in October

Capital City Bank Group, Inc. (NASDAQ:CCBG) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 45,200 shares, a drop of 12.1% from the October 15th total of 51,400 shares. Currently, 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.

Insider Activity at Capital City Bank Group

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the company’s stock in a transaction dated 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 transaction, the treasurer now directly owns 140,681 shares of the company’s stock, valued at $4,756,424.61. This represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 19.40% of the company’s stock.

Institutional Trading of Capital City Bank Group

Several institutional investors have recently modified their holdings of the company. Princeton Capital Management LLC grew its holdings in Capital City Bank Group by 7.0% during the third quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 500 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Capital City Bank Group by 22.3% in the 1st 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 in the last quarter. Empowered Funds LLC lifted its stake in Capital City Bank Group by 5.1% during the third quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 1,206 shares during the last quarter. Rhumbline Advisers boosted its holdings in Capital City Bank Group by 6.5% during the second quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock worth $614,000 after buying an additional 1,316 shares in the last quarter. Finally, Isthmus Partners LLC grew its position in Capital City Bank Group by 1.3% in 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. Institutional investors and hedge funds own 44.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CCBG. 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 note on Thursday, July 25th. Piper Sandler downgraded shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $30.00 to $34.00 in a research report on Monday, July 29th. StockNews.com upgraded Capital City Bank Group from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Hovde Group increased their target price on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.80.

Capital City Bank Group Stock Performance

Shares of NASDAQ:CCBG traded down $0.24 on Friday, hitting $38.34. The company’s stock had a trading volume of 25,354 shares, compared to its average volume of 29,942. Capital City Bank Group has a 12 month low of $25.45 and a 12 month high of $40.08. The stock’s 50-day moving average is $35.32 and its two-hundred day moving average is $31.82. 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 company has a market capitalization of $649.48 million, a price-to-earnings ratio of 12.57 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. The firm had revenue of $68.84 million for the quarter, compared to analysts’ expectations 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 company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were paid a dividend of $0.23 per share. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Monday, September 9th. Capital City Bank Group’s dividend payout ratio (DPR) is presently 30.16%.

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.