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Capital City Bank Group Authorizes Stock Repurchase
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Overview
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Capital City Bank Group, Inc. authorizes a stock repurchase program of up to 750,000 shares, representing 4.4% of its issued and outstanding shares. The company is a significant financial holding firm based in Florida with over $4.3 billion in assets and 63 banking offices in Florida, Georgia, and Alabama.
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How might the stock repurchase program impact the company's stock value and shareholder returns?
What factors could influence the decision to repurchase its own shares, and how might this strategy align with the company's long-term financial goals?
What potential implications does this stock repurchase program have for the company's shareholder base and investor confidence?
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