Capital City Bank Group, Inc. (NASDAQ:CCBG) Short Interest Up 19.5% in August

Capital City Bank Group, Inc. (NASDAQ:CCBG) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 80,800 shares, an increase of 19.5% from the August 15th total of 67,600 shares. Based on an average trading volume of 29,700 shares, the days-to-cover ratio is presently 2.7 days. Approximately 0.6% of the company’s stock are sold short.

Capital City Bank Group Stock Down 2.0 %

Shares of CCBG traded down $0.60 during mid-day trading on Monday, hitting $29.66. 18,960 shares of the company traded hands, compared to its average volume of 34,421. Capital City Bank Group has a 1-year low of $28.03 and a 1-year high of $36.86. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $503.92 million, a PE ratio of 9.63 and a beta of 0.60. The business has a 50 day moving average of $31.27 and a 200 day moving average of $30.79.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. Capital City Bank Group had a net margin of 20.61% and a return on equity of 13.13%. The firm had revenue of $67.95 million for the quarter, compared to the consensus estimate of $62.80 million. Equities research analysts anticipate that Capital City Bank Group will post 3.35 EPS for the current year.

Capital City Bank Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 11th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Friday, September 8th. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.18. Capital City Bank Group’s dividend payout ratio is 25.97%.

Analyst Upgrades and Downgrades

Several analysts have commented on CCBG shares. Piper Sandler decreased their price target on shares of Capital City Bank Group from $42.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday, August 15th. StockNews.com began coverage on shares of Capital City Bank Group in a report on Thursday, August 17th. They set a “hold” rating on the stock.

Insider Buying and Selling

In other news, Director Laura L. Johnson purchased 1,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $30.53 per share, with a total value of $30,530.00. Following the completion of the transaction, the director now owns 33,091 shares in the company, valued at approximately $1,010,268.23. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 23.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Capital City Bank Group

Several hedge funds and other institutional investors have recently bought and sold shares of CCBG. Dorsey Wright & Associates acquired a new position in Capital City Bank Group in the 4th quarter worth approximately $25,000. Federated Hermes Inc. boosted its position in Capital City Bank Group by 336.2% in the 1st quarter. Federated Hermes Inc. now owns 1,278 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 985 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Capital City Bank Group by 93.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,428 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 689 shares in the last quarter. Captrust Financial Advisors boosted its position in 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 purchasing an additional 1,702 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Capital City Bank Group by 24.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,921 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 375 shares in the last quarter. Institutional investors and hedge funds own 45.79% of the company’s stock.

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 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.