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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Piper Sandler began coverage on Capital City Bank Group in a research report on Friday, January 5th. They set an "overweight" rating and a $34.00 target price for the company. DA Davidson dropped their price objective on Capital City Bank Group from $34.00 to $32.50 and set a "neutral" rating for the company in a report on Tuesday, January 2nd. Finally, Janney Montgomery Scott raised shares of Capital City Bank Group from a "neutral" rating to a "buy" rating and set a $37.50 target price on the stock in a research note on Wednesday, January 24th.

Insiders Place Their Bets

In related news, Director Marshall M. Criser III bought 1,300 shares of the company's stock in a transaction on Thursday, February 29th. The stock was bought at an average cost of $28.19 per share, with a total value of $36,647.00. Following the completion of the purchase, the director now owns 15,200 shares in the company, valued at approximately $428,488. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 19.40% of the company's stock.

Institutional Trading of Capital City Bank Group

Large investors have recently bought and sold shares of the business. Alliancebernstein L.P. grew its stake in shares of Capital City Bank Group by 2.4% during the third quarter. Alliancebernstein L.P. now owns 12,744 shares of the financial services provider's stock worth $396,000 after buying an additional 300 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Capital City Bank Group by 8.5% during the 2nd quarter. Legal & General Group Plc now owns 4,527 shares of the financial services provider's stock valued at $126,000 after acquiring an additional 355 shares in the last quarter. Bank of New York Mellon Corp grew its position in Capital City Bank Group by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 91,215 shares of the financial services provider's stock worth $2,674,000 after acquiring an additional 375 shares during the last quarter. FMR LLC increased its holdings in Capital City Bank Group by 9.9% in the 1st quarter. FMR LLC now owns 4,288 shares of the financial services provider's stock worth $126,000 after purchasing an additional 388 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Capital City Bank Group by 4.2% in the second quarter. Royal Bank of Canada now owns 10,585 shares of the financial services provider's stock valued at $324,000 after purchasing an additional 428 shares during the last quarter. 44.59% of the stock is owned by institutional investors and hedge funds.

Capital City Bank Group Trading Down 0.6 %

Shares of CCBG stock traded down $0.15 during trading hours on Friday, reaching $26.05. The company had a trading volume of 35,393 shares, compared to its average volume of 30,835. Capital City Bank Group has a 1-year low of $25.57 and a 1-year high of $34.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $441.29 million, a price-to-earnings ratio of 8.16 and a beta of 0.53. The company has a 50 day moving average of $27.76 and a 200 day moving average of $28.52.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.02). Capital City Bank Group had a net margin of 20.67% and a return on equity of 12.99%. The company had revenue of $63.34 million during the quarter, compared to analyst estimates of $56.50 million. On average, equities research analysts anticipate that Capital City Bank Group will post 2.87 EPS for the current year.

Capital City Bank Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given 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 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, March 8th. Capital City Bank Group's dividend payout ratio is currently 26.17%.

Capital City Bank Group Company Profile

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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