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

Capital City Bank Group, Inc. (NASDAQ:CCBG - Get Free Report) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 73,100 shares, an increase of 68.8% from the February 28th total of 43,300 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 26,000 shares, the short-interest ratio is presently 2.8 days.

Hedge Funds Weigh In On Capital City Bank Group

A number of hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its holdings in Capital City Bank Group by 53.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 795 shares of the financial services provider's stock worth $29,000 after purchasing an additional 277 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Capital City Bank Group in the third quarter valued at $35,000. Lazard Asset Management LLC boosted its position in Capital City Bank Group by 30.9% during the fourth quarter. Lazard Asset Management LLC now owns 1,873 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 442 shares during the last quarter. Blue Trust Inc. boosted its position in Capital City Bank Group by 15.4% during the fourth quarter. Blue Trust Inc. now owns 4,838 shares of the financial services provider's stock valued at $171,000 after acquiring an additional 645 shares during the last quarter. Finally, FMR LLC raised its position in shares of Capital City Bank Group by 48.5% in the 3rd quarter. FMR LLC now owns 6,630 shares of the financial services provider's stock worth $234,000 after acquiring an additional 2,164 shares in the last quarter. 44.59% of the stock is currently owned by institutional investors.

Capital City Bank Group Trading Up 0.4 %

Shares of Capital City Bank Group stock traded up $0.15 on Wednesday, hitting $35.99. The stock had a trading volume of 20,174 shares, compared to its average volume of 29,720. The stock has a 50 day moving average of $36.51 and a 200 day moving average of $36.48. The firm has a market capitalization of $613.77 million, a P/E ratio of 11.54 and a beta of 0.54. Capital City Bank Group has a twelve month low of $25.45 and a twelve month 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.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that Capital City Bank Group will post 3.06 earnings per share for the current fiscal year.

Capital City Bank Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Capital City Bank Group's previous quarterly dividend of $0.23. Capital City Bank Group's payout ratio is 30.77%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CCBG shares. Keefe, Bruyette & Woods raised their price objective on Capital City Bank Group from $43.00 to $44.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. StockNews.com lowered shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a report on Friday, March 7th.

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.