It is currently trading at $24.61 just above the 50 day moving average which is $22.92 and significantly higher than the 200 day moving average of $21.05. The 50 day moving average was up by +7.35% whereas the 200 day average was up by +16.92%. 438 shares changed hands by the end of trading on Tuesday. Overall, volume was down 96.55% under the stocks normal daily volume.
Traders are a little more bearish on shares of the company if you pay attention to the motion in short interest. The stock experienced a rise in short interest between September 15, 2017 and September 29, 2017 of 56.42%. Short shares grew from 96,892 to 151,561 over that timeframe. With short interest at 151,561 and short average daily volume at 53,795, days to cover is 3.0 and the percentage of shorted shares was 0.01% on September 29.
These funds have shifted positions in (CCBG). As of quarter end Tnb Financial had acquired a total of 1,900 shares growing its position 5.1%. The value of the investment in CCBG increased from $798,000 to $801,000 increasing 0.4% for the reporting period. Ubs Group Ag downsized its ownership by selling 341 shares a decrease of 21.0% as of 06/30/2017. Ubs Group Ag currently owns 1,286 shares worth $26,000. The total value of its holdings decreased 25.7%.
Acadian Asset Management LLC cut its position by shedding 656 shares a decrease of 7.3%. Acadian Asset Management LLC owns 8,336 shares with a value of $201,000. The value of the position overall is up by 9.8%. As of the end of the quarter Meeder Asset Management Inc had bought 1,013 shares growing its stake by 222.6%. The value in dollars went from $9,000 to $35,000 a change of $26,000 quarter over quarter.
The company is so far trading down since yesterday’s close of 24.96. Capital City Bank Group also declared a dividend for shareholders paid on Tuesday the 19th of September 2017. The dividend payment was $0.070 per share for the quarter or $0.28 annualized. This dividend represents a yield of $1.12 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Thursday the 31st of August 2017.
Capital City Bank Group’s P/E ratio is 33.30 and the market cap of the company is 417.48M. In the last earnings report the EPS was $0.74 and is expected to be $0.82 for the current year with 16,964,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.23 with next year’s EPS projected to be $1.07.
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..