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

Capital City Bank Group (NASDAQ:CCBG) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 203,390 shares, an increase of 19.8% from the January 15th total of 169,738 shares. Based on an average trading volume of 97,911 shares, the short-interest ratio is currently 2.1 days. Approximately 1.5% of the company’s stock are sold short. Approximately 1.5% of the company’s stock are sold short. Based on an average trading volume of 97,911 shares, the short-interest ratio is currently 2.1 days.

Analyst Ratings Changes

A number of research analysts have commented on the company. Capital One Financial set a $45.00 target price on Capital City Bank Group in a research note on Wednesday, January 28th. Zacks Research cut Capital City Bank Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Keefe, Bruyette & Woods downgraded Capital City Bank Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $47.00 to $45.00 in a report on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital City Bank Group in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of Capital City Bank Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Capital City Bank Group has an average rating of “Hold” and a consensus target price of $45.00.

Institutional Trading of Capital City Bank Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of Capital City Bank Group by 997.3% during the third quarter. Bank of America Corp DE now owns 192,495 shares of the financial services provider’s stock valued at $8,044,000 after buying an additional 174,953 shares during the last quarter. Wellington Management Group LLP increased its stake in Capital City Bank Group by 45.2% during the third quarter. Wellington Management Group LLP now owns 413,948 shares of the financial services provider’s stock valued at $17,299,000 after acquiring an additional 128,926 shares during the period. Teton Advisors LLC acquired a new position in Capital City Bank Group in the 3rd quarter valued at approximately $2,988,000. Millennium Management LLC raised its holdings in Capital City Bank Group by 667.3% in the 3rd quarter. Millennium Management LLC now owns 44,541 shares of the financial services provider’s stock valued at $1,861,000 after acquiring an additional 38,736 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Capital City Bank Group by 13.8% in the 2nd quarter. American Century Companies Inc. now owns 293,407 shares of the financial services provider’s stock worth $11,546,000 after acquiring an additional 35,603 shares during the period. 44.59% of the stock is currently owned by institutional investors and hedge funds.

Capital City Bank Group Trading Up 0.2%

NASDAQ:CCBG opened at $42.92 on Wednesday. The company’s 50 day moving average is $43.37 and its 200-day moving average is $42.19. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.08. Capital City Bank Group has a 12 month low of $32.38 and a 12 month high of $46.83. The firm has a market cap of $732.64 million, a price-to-earnings ratio of 11.92 and a beta of 0.34.

Capital City Bank Group (NASDAQ:CCBG) last posted its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.09). The business had revenue of $63.46 million for the quarter, compared to analyst estimates of $64.65 million. Capital City Bank Group had a return on equity of 11.69% and a net margin of 21.47%. Equities analysts anticipate that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, December 1st. Capital City Bank Group’s dividend payout ratio is presently 28.89%.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc is a Florida‐based bank holding company headquartered in Tallahassee. As the parent of Capital City Bank, it offers a full suite of financial services through a network of community banking offices. The company traces its origins to the late 19th century, reflecting more than a century of continuous operation in its home market.

Through its banking subsidiary, Capital City Bank Group provides retail and commercial banking products, including checking and savings accounts, consumer and commercial loans, mortgage financing, and treasury management services.