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

Capital City Bank Group, Inc. (NASDAQ:CCBG - Get Free Report) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 60,100 shares, a decrease of 45.7% from the July 15th total of 110,600 shares. Approximately 0.4% of the company's stock are short sold. Based on an average daily trading volume, of 36,700 shares, the days-to-cover ratio is currently 1.6 days.

Insider Activity

In other Capital City Bank Group news, Treasurer Thomas A. Barron sold 8,000 shares of the firm's stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $35.26, for a total transaction of $282,080.00. Following the completion of the transaction, the treasurer now directly owns 143,681 shares of the company's stock, valued at approximately $5,066,192.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 19.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new position in Capital City Bank Group during the 4th quarter valued at $272,000. BNP Paribas Financial Markets grew its holdings in Capital City Bank Group by 30.5% during the fourth quarter. BNP Paribas Financial Markets now owns 14,999 shares of the financial services provider's stock worth $441,000 after acquiring an additional 3,504 shares during the period. Dimensional Fund Advisors LP raised its position in Capital City Bank Group by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 850,987 shares of the financial services provider's stock worth $25,046,000 after acquiring an additional 8,266 shares in the last quarter. Isthmus Partners LLC lifted its holdings in Capital City Bank Group by 4.2% in the 4th quarter. Isthmus Partners LLC now owns 71,586 shares of the financial services provider's stock valued at $2,107,000 after acquiring an additional 2,853 shares during the last quarter. Finally, Thomasville National Bank boosted its position in shares of Capital City Bank Group by 17.8% during the 1st quarter. Thomasville National Bank now owns 82,704 shares of the financial services provider's stock valued at $2,291,000 after purchasing an additional 12,500 shares in the last quarter. Institutional investors and hedge funds own 44.59% of the company's stock.

Capital City Bank Group Stock Performance

NASDAQ CCBG traded down $0.16 during trading hours on Wednesday, hitting $31.38. The company had a trading volume of 14,985 shares, compared to its average volume of 32,345. Capital City Bank Group has a fifty-two week low of $25.45 and a fifty-two week high of $36.49. The firm has a market cap of $531.67 million, a P/E ratio of 10.23 and a beta of 0.55. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $29.90 and a 200-day simple moving average of $28.40.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.12. The business had revenue of $58.88 million for the quarter, compared to analysts' expectations of $55.15 million. Capital City Bank Group had a net margin of 19.67% and a return on equity of 11.84%. Equities analysts predict that Capital City Bank Group will post 2.99 EPS for the current year.

Capital City Bank Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Monday, June 10th. Capital City Bank Group's dividend payout ratio (DPR) is presently 27.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CCBG shares. Keefe, Bruyette & Woods boosted their price target on Capital City Bank Group from $37.00 to $38.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Piper Sandler cut shares of Capital City Bank Group from an "overweight" rating to a "neutral" rating and increased their target price for the stock from $30.00 to $34.00 in a report on Monday, July 29th. Finally, Hovde Group raised their price target on shares of Capital City Bank Group from $30.00 to $37.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Capital City Bank Group currently has an average rating of "Hold" and a consensus price target of $35.80.

View Our Latest Analysis on Capital City Bank Group

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.

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