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Capital City Bank Group, Inc. (NASDAQ:CCBG) Sees Significant Decrease in Short Interest

Defense World · Jan 31, 2023 04:01

Capital City Bank Group, Inc. (NASDAQ:CCBG – Get Rating) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 125,400 shares, a decline of 5.1% from the December 31st total of 132,200 shares. Based on an average trading volume of 31,100 shares, the short-interest ratio is currently 4.0 days. Currently, 1.0% of the company's shares are short sold.

Capital City Bank Group Stock Performance

CCBG opened at $31.94 on Tuesday. The business's 50-day moving average price is $33.00 and its two-hundred day moving average price is $33.08. Capital City Bank Group has a 1 year low of $24.43 and a 1 year high of $36.23. The company has a market capitalization of $541.70 million, a price-to-earnings ratio of 13.53 and a beta of 0.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.77 and a quick ratio of 0.76.

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Capital City Bank Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 19th. Shareholders of record on Monday, December 5th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, December 2nd. Capital City Bank Group's dividend payout ratio is 28.81%.

Institutional Trading of Capital City Bank Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. increased its position in shares of Capital City Bank Group by 2.4% in the third quarter. Alliancebernstein L.P. now owns 12,744 shares of the financial services provider's stock valued at $396,000 after acquiring an additional 300 shares during the last quarter. Boston Partners increased its position in shares of Capital City Bank Group by 1.1% in the third quarter. Boston Partners now owns 29,164 shares of the financial services provider's stock valued at $907,000 after acquiring an additional 321 shares during the last quarter. Legal & General Group Plc increased its position in shares of Capital City Bank Group by 8.5% in the second quarter. Legal & General Group Plc now owns 4,527 shares of the financial services provider's stock valued at $126,000 after acquiring an additional 355 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Capital City Bank Group by 15.5% in the second quarter. BNP Paribas Arbitrage SA now owns 4,231 shares of the financial services provider's stock valued at $118,000 after acquiring an additional 568 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Capital City Bank Group by 1.6% in the third quarter. Barclays PLC now owns 43,232 shares of the financial services provider's stock valued at $1,345,000 after acquiring an additional 676 shares during the last quarter. Institutional investors and hedge funds own 44.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CCBG shares. Hovde Group lifted their price target on Capital City Bank Group to $38.00 in a research note on Tuesday, November 1st. StockNews.com downgraded Capital City Bank Group from a "buy" rating to a "hold" rating in a research note on Thursday, November 10th.

Capital City Bank Group Company Profile

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Capital City Bank Group, Inc operates as a bank holding company. Its principal services are Banking Services, Trust and Asset Management Services, and Brokerage Services. The firm provides traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bank cards, data processing and securities brokerage services.