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

Capital City Bank Group, Inc. (NASDAQ:CCBG) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 287,900 shares, an increase of 42.9% from the May 30th total of 201,400 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average daily volume of 24,800 shares, the days-to-cover ratio is presently 11.6 days.

CCBG has been the subject of a number of research analyst reports. BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. Zacks Investment Research cut shares of First Merchants from a “hold” rating to a “sell” rating in a research report on Monday, July 1st. Finally, ValuEngine raised shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.75.

CCBG stock traded up $0.01 during midday trading on Thursday, reaching $24.74. 12,267 shares of the company were exchanged, compared to its average volume of 21,278. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.81. The stock’s 50-day simple moving average is $24.27. Capital City Bank Group has a one year low of $19.92 and a one year high of $26.95. The firm has a market capitalization of $418.97 million, a price-to-earnings ratio of 19.03 and a beta of 0.71.

Capital City Bank Group (NASDAQ:CCBG) last released its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. Capital City Bank Group had a net margin of 17.29% and a return on equity of 8.30%. The firm had revenue of $37.46 million during the quarter, compared to analysts’ expectations of $37.50 million. On average, research analysts expect that Capital City Bank Group will post 1.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were given a dividend of $0.11 per share. The ex-dividend date was Friday, June 7th. This represents a $0.44 dividend on an annualized basis and a yield of 1.78%. Capital City Bank Group’s dividend payout ratio (DPR) is 33.85%.

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its holdings in shares of Capital City Bank Group by 540.8% during the first quarter. BNP Paribas Arbitrage SA now owns 2,390 shares of the financial services provider’s stock worth $52,000 after buying an additional 2,017 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Capital City Bank Group by 355.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,167 shares of the financial services provider’s stock worth $97,000 after buying an additional 3,253 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Capital City Bank Group during the first quarter worth $293,000. Menta Capital LLC acquired a new stake in shares of Capital City Bank Group during the fourth quarter worth $302,000. Finally, Bessemer Group Inc. acquired a new stake in shares of Capital City Bank Group during the fourth quarter worth $360,000. 38.99% of the stock is owned by institutional investors.

About Capital City Bank Group

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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