Short Interest in Capital City Bank Group, Inc. (NASDAQ:CCBG) Decreases By 44.5%

Capital City Bank Group, Inc. (NASDAQ:CCBG - Get Free Report) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 45,300 shares, a decrease of 44.5% from the January 15th total of 81,600 shares. Based on an average daily volume of 29,600 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.3% of the company's stock are short sold.

Institutional Trading of Capital City Bank Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in Capital City Bank Group by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 882,343 shares of the financial services provider's stock valued at $32,338,000 after purchasing an additional 9,984 shares during the period. Vanguard Group Inc. lifted its position in shares of Capital City Bank Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 748,187 shares of the financial services provider's stock valued at $27,421,000 after buying an additional 9,196 shares during the last quarter. State Street Corp grew its stake in shares of Capital City Bank Group by 1.8% during the 3rd quarter. State Street Corp now owns 341,426 shares of the financial services provider's stock worth $12,049,000 after acquiring an additional 5,980 shares during the period. Geode Capital Management LLC increased its holdings in Capital City Bank Group by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 320,479 shares of the financial services provider's stock worth $11,312,000 after acquiring an additional 7,773 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Capital City Bank Group by 43.6% in the 4th quarter. Wellington Management Group LLP now owns 230,744 shares of the financial services provider's stock valued at $8,457,000 after acquiring an additional 70,004 shares during the period. 44.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CCBG. Keefe, Bruyette & Woods lifted their price objective on shares of Capital City Bank Group from $43.00 to $44.00 and gave the company an "outperform" rating in a report on Friday, January 31st. StockNews.com raised shares of Capital City Bank Group from a "hold" rating to a "buy" rating in a research report on Saturday, February 1st.

Capital City Bank Group Stock Down 0.5 %

CCBG traded down $0.20 during mid-day trading on Monday, reaching $36.99. 10,669 shares of the stock were exchanged, compared to its average volume of 25,153. Capital City Bank Group has a 1 year low of $25.45 and a 1 year high of $40.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. The stock has a market capitalization of $626.61 million, a PE ratio of 11.86 and a beta of 0.56. The company has a 50 day moving average price of $36.83 and a two-hundred day moving average price of $35.82.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.07. Capital City Bank Group had a net margin of 19.55% and a return on equity of 11.45%. As a group, research analysts anticipate that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Monday, December 9th. Capital City Bank Group's dividend payout ratio is presently 29.49%.

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.