Capital City Bank Group, Inc. (NASDAQ:CCBG) Short Interest Update

Capital City Bank Group, Inc. (NASDAQ:CCBG) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 55,500 shares, a growth of 9.0% from the August 15th total of 50,900 shares. Based on an average daily volume of 37,200 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.4% of the shares of the company are short sold.

Insider Buying and Selling

In related news, Treasurer Thomas A. Barron sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the completion of the transaction, the treasurer now owns 140,681 shares in the company, valued at approximately $4,756,424.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Treasurer Thomas A. Barron sold 3,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the transaction, the treasurer now owns 140,681 shares of the company’s stock, valued at $4,756,424.61. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Treasurer Thomas A. Barron sold 8,000 shares of Capital City Bank Group stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $35.26, for a total transaction of $282,080.00. Following the sale, the treasurer now owns 143,681 shares in the company, valued at $5,066,192.06. The disclosure for this sale can be found here. 19.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Capital City Bank Group

A number of institutional investors have recently modified their holdings of CCBG. Lazard Asset Management LLC increased its holdings in shares of Capital City Bank Group by 22.3% in the first 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 in the last quarter. Rhumbline Advisers boosted its position in Capital City Bank Group by 6.5% in the 2nd quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider’s stock valued at $614,000 after buying an additional 1,316 shares during the last quarter. Isthmus Partners LLC increased its stake in shares of 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 during the period. Los Angeles Capital Management LLC raised its position in shares of Capital City Bank Group by 16.0% during the first quarter. Los Angeles Capital Management LLC now owns 10,710 shares of the financial services provider’s stock worth $297,000 after acquiring an additional 1,480 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in shares of Capital City Bank Group by 2.8% during the second quarter. Panagora Asset Management Inc. now owns 78,097 shares of the financial services provider’s stock valued at $2,221,000 after acquiring an additional 2,093 shares during the period. 44.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Hovde Group boosted their price objective on Capital City Bank Group from $30.00 to $37.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 24th. Piper Sandler downgraded shares of Capital City Bank Group from an “overweight” rating to a “neutral” rating and raised their price target for the company from $30.00 to $34.00 in a report on Monday, July 29th. 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 report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $35.80.

Capital City Bank Group Price Performance

Shares of NASDAQ CCBG traded down $0.21 during mid-day trading on Tuesday, hitting $34.70. 43,932 shares of the stock were exchanged, compared to its average volume of 31,905. Capital City Bank Group has a twelve month low of $25.45 and a twelve month high of $36.49. The stock’s fifty day simple moving average is $32.96 and its two-hundred day simple moving average is $29.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $587.92 million, a P/E ratio of 11.37 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBG) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.12. The firm had revenue of $58.88 million during the quarter, compared to the consensus estimate of $55.15 million. Capital City Bank Group had a return on equity of 11.67% and a net margin of 19.67%.

Capital City Bank Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, September 9th. This represents a $0.92 dividend on an annualized basis and a yield of 2.65%. This is a positive change from Capital City Bank Group’s previous quarterly dividend of $0.21. Capital City Bank Group’s dividend payout ratio is currently 29.97%.

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.