Short Interest in Capital City Bank Group, Inc. (NASDAQ:CCBG) Expands By 9.0%

Capital City Bank Group, Inc. (NASDAQ:CCBG) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 55,500 shares, a growth of 9.0% from the August 15th total of 50,900 shares. Based on an average daily trading volume, of 37,200 shares, the short-interest ratio is currently 1.5 days. Currently, 0.4% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CCBG shares. Keefe, Bruyette & Woods lifted their target price on shares of Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Hovde Group boosted their price objective on Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a research note on Wednesday, July 24th. Finally, Piper Sandler cut Capital City Bank Group from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $30.00 to $34.00 in a research note on Monday, July 29th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Capital City Bank Group presently has an average rating of “Hold” and a consensus price target of $35.80.

Capital City Bank Group Stock Down 0.6 %

Shares of CCBG stock traded down $0.21 on Tuesday, reaching $34.70. 43,932 shares of the company were exchanged, compared to its average volume of 31,905. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83. The company has a 50-day moving average of $32.96 and a 200-day moving average of $29.29. The company has a market cap of $587.92 million, a price-to-earnings ratio of 11.37 and a beta of 0.53. Capital City Bank Group has a one year low of $25.45 and a one year high of $36.49.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. Capital City Bank Group had a return on equity of 11.67% and a net margin of 19.67%. The firm had revenue of $58.88 million during the quarter, compared to analysts’ expectations of $55.15 million.

Capital City Bank Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be issued a dividend of $0.23 per share. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, September 9th. This represents a $0.92 annualized dividend and a yield of 2.65%. Capital City Bank Group’s dividend payout ratio is presently 29.97%.

Insider Transactions 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 that occurred on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total transaction of $101,430.00. Following the sale, the treasurer now directly owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 stock was 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 owns 140,681 shares of the company’s stock, valued at approximately $4,756,424.61. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Treasurer Thomas A. Barron sold 8,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $35.26, for a total value of $282,080.00. Following the transaction, the treasurer now directly owns 143,681 shares of the company’s stock, valued at $5,066,192.06. The disclosure for this sale can be found here. 19.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System bought a new position in Capital City Bank Group in the 1st quarter valued at about $585,000. BNP Paribas Financial Markets boosted its position in shares of Capital City Bank Group by 30.5% during the fourth quarter. BNP Paribas Financial Markets now owns 14,999 shares of the financial services provider’s stock valued at $441,000 after buying an additional 3,504 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in Capital City Bank Group by 2.8% during the second quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider’s stock worth $2,221,000 after buying an additional 2,093 shares in the last quarter. Boston Partners raised its position in Capital City Bank Group by 12.9% in the 1st quarter. Boston Partners now owns 18,365 shares of the financial services provider’s stock valued at $509,000 after buying an additional 2,099 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Capital City Bank Group by 7.4% during the 1st quarter. Acadian Asset Management LLC now owns 163,375 shares of the financial services provider’s stock worth $4,524,000 after acquiring an additional 11,269 shares during the last quarter. 44.59% of the stock is currently owned by institutional investors and hedge funds.

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.