During August, the number of short positions held in shares of Capital City Bank Group, Inc. (NASDAQ: CCBG) decreased by a sizeable amount. As of August 31, 285,200 shares had been borrowed, which represents a decline of 19.6% from the total of 354,700 shares that had been borrowed the day before. Borrowing against shares accounts for approximately 2.2% of the total number of shares that are currently in circulation. The current days-to-cover ratio is 9.8 days; this statistic is obtained from the fact that the average daily trading volume for shares is 29,000. Currently, the days-to-cover ratio is 9.8 days.
In a research report published on Wednesday, July 27, Piper Sandler increased their price target on Capital City Bank Group to $36.00. She gave the company an “outperform” rating in a research report.
Recent months have seen several of the company’s institutional shareholders adjust the overall number of shares owned in their respective portfolios. Amalgamated Bank spent $43,000 on a fresh equity investment in Capital City Bank Group during the year’s first three months. This transaction was made during the first quarter of the year. Captrust Financial Advisors increased their capital investment in Capital City Bank Group by 599.3 percent during the second quarter. Captrust Financial Advisors now owns a total of 1,986 shares, valued at $55,000, after purchasing an additional 1,702 shares during the quarter. This brings the total number of shares owned by the firm to 1,986. Finally, KBC Group NV boosted the capital City Bank Group stock is owned by 31.3% during the first three months of 2018.
KBC Group NV increased its ownership stake in the company with a market valuation of $95,000 by purchasing an additional 861 shares during the most recent quarter, bringing its total number of shares owned by the company to 3,516.
BNP Paribas Arbitrage SA purchased the extra 15.5% ownership position in Capital City Bank Group during the second quarter. BNP Paribas Arbitrage SA increased its holdings during the most recent quarter by purchasing 568 shares of the company’s stock. This brought their total shareholding in the company to 4,231 shares, which have a value of $118,000.00. During the second quarter, Legal & General Group Plc boosted the amount of Capital City Bank Group stock owned by 8.5%. This brings us to our last point. Legal & General Group Plc increased its holdings in the financial services provider’s stock by purchasing an additional 355 shares during the preceding quarter. As a result, the company now owns 4,527 shares of the company’s stock, which have a value of $126,000. Following the purchase of these shares, the total number of shares that the company possesses now stands at 4,527. Currently, 44.30% of the company’s shares are held in ownership by hedge funds and other institutional investors. CCBG shares began trading for $32.90 per share on Friday.
The stock has traded at $32.01 on a daily moving average basis over the past 50 trading days, while it has traded at $28.45 on a daily moving average basis over the past 200 trading days. The company has a price-to-earnings ratio of 16.53, and its beta value is 0.66. The value of the company’s beta is 0.66. The stock is currently valued at $557.98 million on the market. During the last year, the share price of Capital City Bank Group has ranged from as low as $22.01 to as high as $33.92, reaching an all-time high of $33.92 per share. The debt-to-equity ratio comes in at 0.14, the quick ratio comes in at 0.75, the current ratio comes in at 0.77, and the quick ratio comes in at 0.75. On Tuesday, July 26, Capital City Bank Group (NASDAQ: CCBG) released its most recent quarterly earnings report results. The financial services firm reported $0.51 in earnings per share for the previous quarter, which was $0.052 less than the consensus estimate of $0.53 from market experts. The Capital City Bank Group, which had a net margin of 15.95%, generated a return on equity of 9.11% during the last year. Sell-side analysts think Capital City Bank Group will earn $2.42 per share during the current fiscal year.
In addition, the company had announced that it would distribute its quarterly dividend on the 26th of this month, as it did when it announced the dividend. On Monday, September 12, 2018, a dividend payment of $0.17 will be made to all shareholders of record as of the previous day. This is an increase from the previous quarterly dividend of $0.16 that Capital City Bank Group disbursed to its shareholders. This translates to a yield of 2.07% and a dividend payment of $0.68 yearly for every shareholder. This coming Friday, September 9, is the day that dividends will be lost as of that point in time. The Capital City Bank Group currently has a dividend payout ratio of 34.17 percent. “