Capital City Bank Group, Inc. (NASDAQ:CCBG) Short Interest Down 31.5% in March

Capital City Bank Group, Inc. (NASDAQ:CCBGGet Free Report) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 45,200 shares, a drop of 31.5% from the March 15th total of 66,000 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 30,300 shares, the days-to-cover ratio is currently 1.5 days.

Capital City Bank Group Price Performance

NASDAQ CCBG traded down $0.15 on Friday, hitting $26.05. The stock had a trading volume of 35,393 shares, compared to its average volume of 30,835. The firm has a 50-day moving average of $27.76 and a 200-day moving average of $28.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.81 and a current ratio of 0.81. Capital City Bank Group has a 52-week low of $25.57 and a 52-week high of $34.16. The company has a market capitalization of $441.29 million, a price-to-earnings ratio of 8.16 and a beta of 0.53.

Capital City Bank Group (NASDAQ:CCBGGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.02). The business had revenue of $63.34 million for the quarter, compared to the consensus estimate of $56.50 million. Capital City Bank Group had a net margin of 20.67% and a return on equity of 12.99%. Equities analysts expect that Capital City Bank Group will post 2.87 EPS for the current year.

Capital City Bank Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a dividend of $0.21 per share. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, March 8th. Capital City Bank Group’s payout ratio is currently 26.17%.

Insiders Place Their Bets

In other news, Director Marshall M. Criser III acquired 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was bought at an average price of $28.19 per share, with a total value of $36,647.00. Following the acquisition, the director now owns 15,200 shares in the company, valued at approximately $428,488. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 19.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CCBG. West Tower Group LLC raised its holdings in shares of Capital City Bank Group by 564.9% during the 4th quarter. West Tower Group LLC now owns 1,230 shares of the financial services provider’s stock valued at $36,000 after buying an additional 1,045 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Capital City Bank Group by 93.2% during the third quarter. Tower Research Capital LLC TRC now owns 1,428 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 689 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Capital City Bank Group by 599.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,986 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 1,702 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Capital City Bank Group by 178.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,755 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 1,767 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in Capital City Bank Group in the 3rd quarter worth $113,000. Institutional investors own 44.59% of the company’s stock.

Wall Street Analyst Weigh In

CCBG has been the subject of a number of recent research reports. Janney Montgomery Scott upgraded shares of Capital City Bank Group from a “neutral” rating to a “buy” rating and set a $37.50 price objective for the company in a research note on Wednesday, January 24th. DA Davidson reduced their price target on Capital City Bank Group from $34.00 to $32.50 and set a “neutral” rating for the company in a research report on Tuesday, January 2nd. Finally, Piper Sandler started coverage on Capital City Bank Group in a research note on Friday, January 5th. They issued an “overweight” rating and a $34.00 target price for the company.

Read Our Latest Report on Capital City Bank Group

About Capital City Bank Group

(Get Free Report)

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.

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