Short Interest in Capital City Bank Group, Inc. (NASDAQ:CCBG) Declines By 13.7%

Capital City Bank Group, Inc. (NASDAQ:CCBG - Get Free Report) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 40,400 shares, a decline of 13.7% from the November 15th total of 46,800 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 29,100 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Capital City Bank Group

Several hedge funds have recently modified their holdings of the stock. Princeton Capital Management LLC grew its holdings in Capital City Bank Group by 7.0% in the third quarter. Princeton Capital Management LLC now owns 7,683 shares of the financial services provider's stock worth $271,000 after purchasing an additional 500 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Capital City Bank Group in the 3rd quarter valued at about $35,000. Empowered Funds LLC grew its stake in shares of Capital City Bank Group by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 24,809 shares of the financial services provider's stock valued at $876,000 after buying an additional 1,206 shares during the period. Rhumbline Advisers increased its position in Capital City Bank Group by 6.5% in the 2nd quarter. Rhumbline Advisers now owns 21,602 shares of the financial services provider's stock valued at $614,000 after buying an additional 1,316 shares in the last quarter. Finally, Isthmus Partners LLC raised its stake in Capital City Bank Group by 1.3% during the 2nd quarter. Isthmus Partners LLC now owns 108,929 shares of the financial services provider's stock worth $31,000 after buying an additional 1,346 shares during the period. Institutional investors own 44.59% of the company's stock.

Capital City Bank Group Trading Up 1.4 %

Shares of CCBG traded up $0.54 during trading hours on Monday, hitting $39.40. 22,386 shares of the stock were exchanged, compared to its average volume of 31,251. The firm has a market capitalization of $667.59 million, a P/E ratio of 12.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.83. Capital City Bank Group has a fifty-two week low of $25.45 and a fifty-two week high of $40.86. The business has a 50-day moving average of $37.17 and a 200-day moving average of $33.48.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. Capital City Bank Group had a return on equity of 11.29% and a net margin of 19.42%. The firm had revenue of $68.84 million during the quarter, compared to analyst estimates of $54.40 million. On average, research analysts expect that Capital City Bank Group will post 3.05 EPS for the current year.

Capital City Bank Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, December 9th. Capital City Bank Group's payout ratio is 30.16%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCBG. Keefe, Bruyette & Woods raised their price objective on shares of Capital City Bank Group from $39.00 to $43.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. StockNews.com cut shares of Capital City Bank Group from a "buy" rating to a "hold" rating in a research note on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $36.80.

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.