Capital City Bank Group, Inc. (NASDAQ:CCBG) Short Interest Up 17.5% in June

Capital City Bank Group, Inc. (NASDAQ:CCBG - Get Free Report) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 42,300 shares, a growth of 17.5% from the May 31st total of 36,000 shares. Based on an average daily trading volume, of 25,200 shares, the short-interest ratio is presently 1.7 days. Approximately 0.3% of the company's shares are short sold.

Capital City Bank Group Stock Up 2.4 %

NASDAQ CCBG traded up $0.68 during trading hours on Friday, hitting $28.44. The company had a trading volume of 305,233 shares, compared to its average volume of 20,810. Capital City Bank Group has a fifty-two week low of $25.45 and a fifty-two week high of $33.44. The firm's 50 day moving average is $27.27 and its 200 day moving average is $27.87. 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 company has a market capitalization of $481.77 million, a price-to-earnings ratio of 9.26 and a beta of 0.55.

Capital City Bank Group (NASDAQ:CCBG - Get Free Report) last announced its earnings results on Monday, April 22nd. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. The business had revenue of $56.45 million for the quarter, compared to the consensus estimate of $56.95 million. Capital City Bank Group had a return on equity of 12.26% and a net margin of 19.86%. Sell-side analysts anticipate that Capital City Bank Group will post 2.83 earnings per share for the current fiscal year.

Capital City Bank Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Monday, June 10th. Capital City Bank Group's dividend payout ratio (DPR) is 27.36%.

Institutional Investors Weigh In On Capital City Bank Group

A number of hedge funds have recently bought and sold shares of CCBG. Dimensional Fund Advisors LP lifted its position in shares of Capital City Bank Group by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 850,987 shares of the financial services provider's stock worth $25,046,000 after purchasing an additional 8,266 shares during the last quarter. Vanguard Group Inc. raised its stake in Capital City Bank Group by 1.4% during the third quarter. Vanguard Group Inc. now owns 700,918 shares of the financial services provider's stock valued at $20,908,000 after buying an additional 9,449 shares in the last quarter. Heartland Advisors Inc. lifted its holdings in Capital City Bank Group by 9.6% during the 1st quarter. Heartland Advisors Inc. now owns 608,610 shares of the financial services provider's stock worth $16,858,000 after buying an additional 53,450 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Capital City Bank Group by 7.4% in the 1st quarter. Acadian Asset Management LLC now owns 163,375 shares of the financial services provider's stock worth $4,524,000 after acquiring an additional 11,269 shares in the last quarter. Finally, Isthmus Partners LLC increased its holdings in shares of Capital City Bank Group by 50.3% in the 1st quarter. Isthmus Partners LLC now owns 107,583 shares of the financial services provider's stock valued at $2,980,000 after acquiring an additional 35,997 shares during the last quarter. Institutional investors and hedge funds own 44.59% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CCBG shares. Keefe, Bruyette & Woods reduced their target price on Capital City Bank Group from $38.00 to $37.00 and set an "outperform" rating on the stock in a report on Tuesday, April 23rd. Piper Sandler reduced their price objective on Capital City Bank Group from $34.00 to $30.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $34.25.

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.