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

Capital City Bank Group, Inc. (NASDAQ:CCBG) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 40,400 shares, a decrease of 13.7% from the November 15th total of 46,800 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 29,100 shares, the short-interest ratio is currently 1.4 days.

Capital City Bank Group Trading Up 1.4 %

NASDAQ:CCBG traded up $0.54 on Monday, hitting $39.40. The stock had a trading volume of 22,386 shares, compared to its average volume of 31,217. The company has a fifty day moving average price of $37.17 and a two-hundred day moving average price of $33.48. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. Capital City Bank Group has a 1-year low of $25.45 and a 1-year high of $40.86. The stock 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 results on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $68.84 million for the quarter, compared to the consensus estimate of $54.40 million. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. Equities research analysts expect that Capital City Bank Group will post 3.05 earnings per share for the current fiscal year.

Capital City Bank Group Announces Dividend

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

Institutional Investors Weigh In On Capital City Bank Group

A number of institutional investors have recently made changes to their positions in CCBG. Isthmus Partners LLC grew 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 worth $31,000 after purchasing an additional 1,346 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Capital City Bank Group in the 3rd quarter valued at approximately $35,000. Blue Trust Inc. boosted its holdings in Capital City Bank Group by 1,482.3% during the third quarter. Blue Trust Inc. now owns 4,193 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 3,928 shares during the period. SG Americas Securities LLC acquired a new stake in Capital City Bank Group during the third quarter worth about $184,000. Finally, Princeton Capital Management LLC bought a new stake in Capital City Bank Group in the second quarter valued at $204,000. 44.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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