Short Interest in Capital City Bank Group, Inc. (NASDAQ:CCBG) Declines By 13.7%

Capital City Bank Group, Inc. (NASDAQ:CCBG) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 40,400 shares, a drop of 13.7% from the November 15th total of 46,800 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 29,100 shares, the days-to-cover ratio is presently 1.4 days.

Capital City Bank Group Price Performance

Shares of NASDAQ:CCBG traded up $0.54 during trading on Monday, hitting $39.40. 22,386 shares of the company’s stock were exchanged, compared to its average volume of 31,217. Capital City Bank Group has a 52-week low of $25.45 and a 52-week high of $40.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. The business’s 50-day simple moving average is $37.17 and its 200 day simple moving average is $33.48. The company has a market cap of $667.59 million, a price-to-earnings ratio of 12.89 and a beta of 0.56.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. The business had revenue of $68.84 million for the quarter, compared to the consensus estimate of $54.40 million. Capital City Bank Group had a net margin of 19.42% and a return on equity of 11.29%. As a group, equities analysts predict that Capital City Bank Group will post 3.05 EPS for the current year.

Capital City Bank Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Monday, December 9th. Capital City Bank Group’s dividend payout ratio is presently 30.16%.

Institutional Investors Weigh In On Capital City Bank Group

Several hedge funds have recently modified their holdings of the company. Princeton Capital Management LLC lifted its holdings in Capital City Bank Group by 7.0% in the 3rd quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider’s stock worth $271,000 after buying an additional 500 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Capital City Bank Group during the 3rd quarter valued at $35,000. Empowered Funds LLC grew its holdings in Capital City Bank Group by 5.1% during the third quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 1,206 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Capital City Bank Group by 6.5% during the 2nd quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock worth $614,000 after purchasing an additional 1,316 shares during the period. Finally, Isthmus Partners LLC boosted its stake in Capital City Bank Group by 1.3% in the 2nd quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider’s stock valued at $31,000 after buying an additional 1,346 shares in the last quarter. 44.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCBG has been the topic of a number of recent analyst reports. StockNews.com lowered Capital City Bank Group from a “buy” rating to a “hold” rating in a research note on Monday, December 2nd. Keefe, Bruyette & Woods upped their target price on Capital City Bank Group from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Capital City Bank Group has an average rating of “Hold” and a consensus price target of $36.80.

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.