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

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

Insider Transactions at Capital City Bank Group

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $33.81, for a total value of $101,430.00. Following the transaction, the treasurer now directly owns 140,681 shares of the company’s stock, valued at $4,756,424.61. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the transaction, the treasurer now owns 140,681 shares in the company, valued at $4,756,424.61. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Treasurer Thomas A. Barron sold 8,000 shares of the business’s stock in a transaction dated 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 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 corporate insiders.

Institutional Investors Weigh In On Capital City Bank Group

Several large investors have recently made changes to their positions in the stock. Isthmus Partners LLC increased its position in Capital City Bank Group by 1.3% during 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. Lazard Asset Management LLC increased its stake in Capital City Bank Group by 22.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,624 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 662 shares during the period. Princeton Capital Management LLC bought a new position in Capital City Bank Group in the 2nd quarter valued at about $204,000. Allspring Global Investments Holdings LLC bought a new position in Capital City Bank Group in the second quarter valued at approximately $211,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Capital City Bank Group during the 1st quarter worth $284,000. Institutional investors and hedge funds own 44.59% of the company’s stock.

Capital City Bank Group Stock Down 0.6 %

Shares of CCBG traded down $0.21 during midday trading on Tuesday, hitting $34.70. The stock had a trading volume of 43,932 shares, compared to its average volume of 31,905. The firm has a market cap of $587.92 million, a price-to-earnings ratio of 11.37 and a beta of 0.53. The company has a 50 day simple moving average of $32.96 and a two-hundred day simple moving average of $29.29. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $36.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.83 and a quick ratio of 0.83.

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

Capital City Bank Group Increases Dividend

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

Wall Street Analysts Forecast Growth

CCBG has been the subject of several research analyst reports. Hovde Group boosted their price target on shares of Capital City Bank Group from $30.00 to $37.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. Piper Sandler downgraded Capital City Bank Group from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $30.00 to $34.00 in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised their price target on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Capital City Bank Group presently has an average rating of “Hold” and a consensus target price of $35.80.

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.