Capital City Bank Group, Inc. (NASDAQ:CCBG) Short Interest Up 125.3% in July

Capital City Bank Group, Inc. (NASDAQ:CCBG) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 110,600 shares, an increase of 125.3% from the June 30th total of 49,100 shares. Based on an average trading volume of 32,200 shares, the short-interest ratio is currently 3.4 days. Approximately 0.8% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CCBG. Keefe, Bruyette & Woods increased their target price on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday. Piper Sandler cut their price target on shares of Capital City Bank Group from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, April 23rd. Finally, Hovde Group upped their price objective on shares of Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Capital City Bank Group Price Performance

Shares of Capital City Bank Group stock traded up $0.01 during trading on Friday, reaching $35.63. The company’s stock had a trading volume of 76,585 shares, compared to its average volume of 49,618. Capital City Bank Group has a one year low of $25.45 and a one year high of $36.49. The stock has a 50-day moving average price of $28.51 and a two-hundred day moving average price of $27.99. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $603.57 million, a P/E ratio of 11.61 and a beta of 0.55.

Capital City Bank Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, June 10th. This represents a $0.84 annualized dividend and a dividend yield of 2.36%. Capital City Bank Group’s dividend payout ratio (DPR) is currently 27.36%.

Institutional Investors Weigh In On Capital City Bank Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC boosted its stake 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 valued at $100,000 after purchasing an additional 662 shares during the last quarter. SG Americas Securities LLC boosted its stake in Capital City Bank Group by 29.9% in the fourth quarter. SG Americas Securities LLC now owns 6,299 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 1,449 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Capital City Bank Group during the 2nd quarter worth $211,000. Los Angeles Capital Management LLC bought a new stake in shares of Capital City Bank Group during the 4th quarter valued at $272,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Capital City Bank Group in the 1st quarter valued at $284,000. 44.59% of the stock is 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.