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

Capital City Bank Group, Inc. (NASDAQ:CCBG) was the recipient of 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. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 26,000 shares, the short-interest ratio is presently 2.8 days.

Capital City Bank Group Trading Down 2.1 %

Shares of CCBG opened at $35.85 on Friday. The firm has a market capitalization of $611.39 million, a price-to-earnings ratio of 11.49 and a beta of 0.54. 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 1-year low of $25.45 and a 1-year high of $40.86. The company has a 50-day moving average of $36.51 and a 200 day moving average of $36.44.

Capital City Bank Group (NASDAQ:CCBG) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, research analysts expect that Capital City Bank Group will post 3.06 EPS for the current year.

Capital City Bank Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.24 per share. This is an increase from Capital City Bank Group’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.68%. Capital City Bank Group’s dividend payout ratio is presently 30.77%.

Hedge Funds Weigh In On Capital City Bank Group

Several institutional investors have recently made changes to their positions in CCBG. Wellington Management Group LLP grew its holdings in Capital City Bank Group by 43.6% during the 4th quarter. Wellington Management Group LLP now owns 230,744 shares of the financial services provider’s stock worth $8,457,000 after acquiring an additional 70,004 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of 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 purchasing an additional 442 shares in the last quarter. Deutsche Bank AG increased its holdings in Capital City Bank Group by 17.8% during the fourth quarter. Deutsche Bank AG now owns 7,481 shares of the financial services provider’s stock valued at $274,000 after buying an additional 1,133 shares during the period. Bridgeway Capital Management LLC raised its stake in Capital City Bank Group by 1.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 63,136 shares of the financial services provider’s stock worth $2,314,000 after buying an additional 1,155 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Capital City Bank Group by 14.8% during the fourth quarter. Bank of America Corp DE now owns 25,311 shares of the financial services provider’s stock worth $928,000 after buying an additional 3,257 shares during the period. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CCBG shares. Keefe, Bruyette & Woods boosted their price objective on Capital City Bank Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. StockNews.com cut Capital City Bank Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

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.