Capital City Bank Group, Inc. (NASDAQ:CCBG) Short Interest Up 26.3% in September

Capital City Bank Group, Inc. (NASDAQ:CCBG) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 518,300 shares, an increase of 26.3% from the August 30th total of 410,300 shares. Based on an average daily volume of 25,900 shares, the days-to-cover ratio is presently 20.0 days. Approximately 4.8% of the shares of the stock are sold short.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can lifted its stake in shares of Capital City Bank Group by 1,157.3% in the 2nd quarter. Bank of Montreal Can now owns 1,207 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 1,111 shares during the last quarter. Capital City Trust Co. FL bought a new position in Capital City Bank Group during the 2nd quarter worth $216,000. Marshall Wace LLP bought a new position in Capital City Bank Group during the 1st quarter worth $293,000. Wedge Capital Management L L P NC bought a new position in Capital City Bank Group during the 2nd quarter worth $386,000. Finally, Strs Ohio raised its position in Capital City Bank Group by 2.5% during the 2nd quarter. Strs Ohio now owns 24,700 shares of the financial services provider’s stock worth $613,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 38.67% of the company’s stock.

Shares of CCBG opened at $26.92 on Friday. Capital City Bank Group has a 52 week low of $19.92 and a 52 week high of $28.00. The stock has a market capitalization of $445.77 million, a price-to-earnings ratio of 20.71 and a beta of 0.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a fifty day moving average of $25.88 and a 200-day moving average of $24.40.

Capital City Bank Group (NASDAQ:CCBG) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. Capital City Bank Group had a return on equity of 8.59% and a net margin of 17.63%. The company had revenue of $38.75 million during the quarter, compared to analysts’ expectations of $38.60 million. As a group, equities analysts forecast that Capital City Bank Group will post 1.7 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Friday, September 6th. Capital City Bank Group’s payout ratio is 40.00%.

A number of equities research analysts have weighed in on the company. BidaskClub raised Capital City Bank Group from a “hold” rating to a “buy” rating in a report on Saturday, September 14th. Hovde Group downgraded Capital City Bank Group from an “outperform” rating to a “market perform” rating and set a $30.00 target price on the stock. in a report on Monday, September 23rd. ValuEngine downgraded Capital City Bank Group from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised Capital City Bank Group from a “sell” rating to a “hold” rating in a report on Monday, July 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Capital City Bank Group has an average rating of “Hold” and an average target price of $27.00.

Capital City Bank Group Company Profile

Capital City Bank Group, Inc operates as the bank holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients in Florida, Georgia, and Alabama. It 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.

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