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

Capital City Bank Group, Inc. (NASDAQ:CCBG) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 36,000 shares, a drop of 12.8% from the May 15th total of 41,300 shares. Based on an average daily trading volume, of 26,800 shares, the short-interest ratio is presently 1.3 days. Approximately 0.3% of the company’s shares are short sold.

Analysts Set New Price Targets

CCBG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reduced their price objective on shares of Capital City Bank Group from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Tuesday, April 23rd. Piper Sandler reduced their price objective on Capital City Bank Group from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Capital City Bank Group currently has a consensus rating of “Moderate Buy” and an average target price of $34.25.

Capital City Bank Group Price Performance

CCBG stock traded down $0.10 during midday trading on Friday, reaching $26.85. The stock had a trading volume of 18,457 shares, compared to its average volume of 20,895. Capital City Bank Group has a 52-week low of $25.57 and a 52-week high of $33.44. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $27.11 and its 200 day simple moving average is $27.94. The company has a market cap of $454.84 million, a price-to-earnings ratio of 8.75 and a beta of 0.55.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings results on Monday, April 22nd. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The firm had revenue of $56.45 million for the quarter, compared to analyst estimates of $56.95 million. Capital City Bank Group had a net margin of 19.86% and a return on equity of 12.26%. As a group, sell-side analysts predict that Capital City Bank Group will post 2.83 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Monday, June 10th. Capital City Bank Group’s payout ratio is currently 27.36%.

Institutional Investors Weigh In On Capital City Bank Group

Several hedge funds and other institutional investors have recently bought and sold shares of CCBG. Dimensional Fund Advisors LP increased its holdings in shares of Capital City Bank Group by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 850,987 shares of the financial services provider’s stock worth $25,046,000 after buying an additional 8,266 shares during the last quarter. Vanguard Group Inc. lifted its position in Capital City Bank Group by 1.4% in the third quarter. Vanguard Group Inc. now owns 700,918 shares of the financial services provider’s stock valued at $20,908,000 after buying an additional 9,449 shares during the last quarter. Heartland Advisors Inc. boosted its stake in Capital City Bank Group by 9.6% during the first quarter. Heartland Advisors Inc. now owns 608,610 shares of the financial services provider’s stock worth $16,858,000 after buying an additional 53,450 shares during the period. Acadian Asset Management LLC raised its stake in shares of Capital City Bank Group by 7.4% in the 1st quarter. Acadian Asset Management LLC now owns 163,375 shares of the financial services provider’s stock valued at $4,524,000 after acquiring an additional 11,269 shares during the period. Finally, Isthmus Partners LLC boosted its position in shares of Capital City Bank Group by 50.3% during the 1st quarter. Isthmus Partners LLC now owns 107,583 shares of the financial services provider’s stock worth $2,980,000 after purchasing an additional 35,997 shares during the period. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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.