It is trading at $21.07 a tad higher than $19.61, the 50 day moving average and which is just over the 200 day moving average of $20.36. The 50 day moving average moved up $1.46 and the 200 day average went up $0.71 or +3.49%. Trading volume for Capital City Bank Group was 35K in the last trading session. Overall, volume was up 176.65% over the stocks normal daily volume.
Short traders are more bearish on Capital City Bank Group of late if you take note of the change in short interest. The firm had a rise in short interest of 18.55% between June 15, 2017 and May 31, 2017. Short shares grew from 92,340 to 109,470 over that timeframe. Days to cover decreased from 7.3 to 3.6 and the percentage of shorted shares was 0.01% on May 31.
Here is the rundown on market activity for Capital City Bank Group (NASDAQ:CCBG). Allan G. Bense, Director disclosed the purchase of 3,571 shares of CCBG stock. The shares were purchased at an average price of $18.20. Bense now owns $871,471 of the stock according to the SEC filing. Allan G. Bense, Director acquired $137,600 worth of shares at an average price of $13.76 on Wed the 3rd. That brings Bense’s holdings to $560,170 as recorded in a recent Form 4 SEC filing.
Director J. Everitt Drew bought 3,376 shares at an average price of $14.91 on June 15th. The Director now owns $11,183 of the stock per an SEC filing yesterday.
The following firms have also recently changed their position in CCBG. As of the end of the quarter Morgan Stanley had sold 159 shares trimming its holdings by 53.0%. The value of the investment in Capital City Bank Group went from $6,000 to $3,000 decreasing 50.0% quarter to quarter. Tower Research Capital LLC (trc) cut its stake by selling 28 shares a decrease of 18.7% in the quarter. Tower Research Capital LLC (trc) controls 122 shares valued at $3,000. The value of the position overall is down by 0.0%.
As of quarter end State Street Corp had acquired a total of 5,593 shares growing its stake by 2.8%. The value of the company’s investment in Capital City Bank Group increased from $4,160,000 to $4,467,000 a change of $307,000 for the reporting period. As of quarter end Bridgeway Capital Management Inc had disposed of 1,800 shares trimming its position 1.1%. The value in dollars went from $3,404,000 to $3,517,000 a change of 3.3% since the last quarter.
On October 21 the company was rated “Market Perform” in a report from Keefe Bruyette & Woods down from the previous “Outperform” rating. Keefe Bruyette & Woods both upgraded the stock and raised the price target on March 5 boosting the price target from $11.00 to $17.00 and raising the rating from “Market Perform” to “Outperform”.
On March 5 the stock rating was upgraded to “Outperform” from “Market Perform” and a price target of $17.00 was set by Keefe Bruyette & Woods.
The company is so far trading down from yesterday’s close of $21.34. Additionally Capital City Bank Group declared a dividend for shareholders paid on Monday the 19th of June 2017. The dividend payment was $0.050 per share for the quarter or $0.20 on an annualized basis. This dividend represents a yeild of $0.94 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 1st of June 2017.
Capital City Bank Group currently has a P/E ratio of 28.06 and market capitalization is 357.22M. As of the last earnings report the EPS was $0.75 and is expected to be $0.81 for the current year with 16,954,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.21 with next year’s EPS projected to be $1.04.
Capital City Bank Group, Inc., launched on December 13, 1982, is a financial holding company. The Company provides a range of banking and banking-related services to individual and corporate clients through its subsidiary, Capital City Bank (CCB or the Bank), with banking offices located in Florida, Georgia and Alabama. The Company operates through commercial banking segment with over four principal services, including Banking Services (CCB), Data Processing Services (Capital City Services Company), Trust and Asset Management Services (Capital City Trust Company) and Brokerage Services (Capital City Banc Investments, Inc.). In addition to its banking subsidiary, the Bank has three subsidiaries, Capital City Trust Company, Capital City Banc Investments, Inc. and Capital City Services Company..