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

Capital City Bank Group, Inc. (NASDAQ:CCBG) was the recipient of a significant 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 daily trading volume, of 32,200 shares, the days-to-cover ratio is presently 3.4 days. Approximately 0.8% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CCBG. Piper Sandler decreased their price target on Capital City Bank Group from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 23rd. Hovde Group boosted their target price on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their target price on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Hedge Funds Weigh In On Capital City Bank Group

A number of institutional investors have recently made changes to their positions in CCBG. Heartland Advisors Inc. raised its holdings in shares of Capital City Bank Group by 9.6% in the first quarter. Heartland Advisors Inc. now owns 608,610 shares of the financial services provider’s stock worth $16,858,000 after acquiring an additional 53,450 shares during the last quarter. Isthmus Partners LLC raised its holdings in shares of Capital City Bank Group by 50.3% in the first quarter. Isthmus Partners LLC now owns 107,583 shares of the financial services provider’s stock worth $2,980,000 after acquiring an additional 35,997 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of Capital City Bank Group in the first quarter worth $585,000. Thomasville National Bank raised its holdings in shares of Capital City Bank Group by 17.8% in the first quarter. Thomasville National Bank now owns 82,704 shares of the financial services provider’s stock worth $2,291,000 after acquiring an additional 12,500 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Capital City Bank Group by 7.4% in the first 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 owned by institutional investors and hedge funds.

Capital City Bank Group Price Performance

CCBG traded up $0.01 during trading on Friday, reaching $35.63. 76,585 shares of the stock were exchanged, compared to its average volume of 49,618. Capital City Bank Group has a 1 year low of $25.45 and a 1 year high of $36.49. The company has a market capitalization of $603.57 million, a price-to-earnings ratio of 11.61 and a beta of 0.55. The business’s 50 day moving average price is $28.51 and its two-hundred day moving average price is $27.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.82 and a quick ratio of 0.82.

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 issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.36%. Capital City Bank Group’s dividend payout ratio (DPR) is 27.36%.

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.