Capital City Bank Group, Inc. (NASDAQ:CCBG) Short Interest Down 12.1% in October

Capital City Bank Group, Inc. (NASDAQ:CCBG) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 45,200 shares, a decrease of 12.1% from the October 15th total of 51,400 shares. Based on an average daily volume of 29,300 shares, the short-interest ratio is presently 1.5 days. Currently, 0.3% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Piper Sandler downgraded shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and upped their price target for the company from $30.00 to $34.00 in a report on Monday, July 29th. Keefe, Bruyette & Woods increased their price target on Capital City Bank Group from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. StockNews.com upgraded Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Hovde Group upped 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 report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.80.

Capital City Bank Group Trading Down 0.6 %

Shares of NASDAQ CCBG traded down $0.23 during trading hours on Monday, reaching $38.11. The stock had a trading volume of 5,473 shares, compared to its average volume of 31,570. Capital City Bank Group has a 52-week low of $25.45 and a 52-week high of $40.08. The firm has a market cap of $645.58 million, a price-to-earnings ratio of 12.57 and a beta of 0.53. The business’s fifty day moving average price is $35.32 and its two-hundred day moving average price is $31.85. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.11.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. The business had revenue of $68.84 million during the quarter, compared to analysts’ expectations of $54.40 million. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%.

Capital City Bank Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were given 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 was Monday, September 9th. This represents a $0.92 dividend on an annualized basis and a yield of 2.41%. Capital City Bank Group’s dividend payout ratio (DPR) is 30.16%.

Insider Buying and Selling at Capital City Bank Group

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 3,000 shares of the business’s stock in a transaction 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 transaction, the treasurer now owns 140,681 shares in the company, valued at $4,756,424.61. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 19.40% of the company’s stock.

Institutional Investors Weigh In On Capital City Bank Group

Several large investors have recently modified their holdings of CCBG. State Board of Administration of Florida Retirement System purchased a new position in Capital City Bank Group during the first quarter valued at approximately $585,000. American Century Companies Inc. increased its holdings in shares of Capital City Bank Group by 40.9% in the 2nd quarter. American Century Companies Inc. now owns 112,545 shares of the financial services provider’s stock valued at $3,201,000 after acquiring an additional 32,671 shares during the period. Panagora Asset Management Inc. raised its position in shares of Capital City Bank Group by 2.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider’s stock worth $2,221,000 after acquiring an additional 2,093 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Capital City Bank Group by 9.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 65,048 shares of the financial services provider’s stock worth $1,850,000 after purchasing an additional 5,878 shares during the last quarter. Finally, Boston Partners boosted its position in Capital City Bank Group by 12.9% during the first quarter. Boston Partners now owns 18,365 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 2,099 shares in the last quarter. Institutional investors own 44.59% of the company’s stock.

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.