Capital City Bank Group, Inc. (NASDAQ:CCBG) Short Interest Up 68.8% in March

Capital City Bank Group, Inc. (NASDAQ:CCBG) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 73,100 shares, a growth of 68.8% from the February 28th total of 43,300 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 26,000 shares, the short-interest ratio is presently 2.8 days.

Analyst Upgrades and Downgrades

CCBG has been the subject of a number of recent analyst reports. StockNews.com downgraded Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Keefe, Bruyette & Woods increased their price target on shares of Capital City Bank Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, January 31st.

Institutional Investors Weigh In On Capital City Bank Group

Several large investors have recently made changes to their positions in the stock. Wellington Management Group LLP acquired a new position in Capital City Bank Group in the 3rd quarter worth $5,673,000. American Century Companies Inc. lifted its holdings in shares of Capital City Bank Group by 33.2% in the fourth quarter. American Century Companies Inc. now owns 216,683 shares of the financial services provider’s stock valued at $7,941,000 after purchasing an additional 54,059 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Capital City Bank Group by 80.1% during the third quarter. JPMorgan Chase & Co. now owns 87,396 shares of the financial services provider’s stock worth $3,084,000 after buying an additional 38,876 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Capital City Bank Group by 42.7% during the fourth quarter. Bank of New York Mellon Corp now owns 77,207 shares of the financial services provider’s stock worth $2,830,000 after buying an additional 23,113 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Capital City Bank Group in the 4th quarter valued at approximately $647,000. Institutional investors own 44.59% of the company’s stock.

Capital City Bank Group Trading Down 2.1 %

Capital City Bank Group stock traded down $0.76 during mid-day trading on Friday, hitting $35.85. 15,242 shares of the company’s stock were exchanged, compared to its average volume of 29,852. The company’s 50 day simple moving average is $36.51 and its 200-day simple moving average is $36.42. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $611.39 million, a P/E ratio of 11.49 and a beta of 0.54. Capital City Bank Group has a fifty-two week low of $25.45 and a fifty-two week high of $40.86.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Capital City Bank Group had a return on equity of 11.45% and a net margin of 19.55%. On average, equities analysts anticipate that Capital City Bank Group will post 3.06 earnings per share for the current year.

Capital City Bank Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.68%. The ex-dividend date was Monday, March 10th. This is a boost from Capital City Bank Group’s previous quarterly dividend of $0.23. Capital City Bank Group’s dividend payout ratio is 30.77%.

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.