Colony Bankcorp, Inc. (NASDAQ:CBAN) Short Interest Update

Colony Bankcorp, Inc. (NASDAQ:CBAN) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 74,500 shares, a drop of 21.1% from the October 15th total of 94,400 shares. Based on an average trading volume of 35,200 shares, the short-interest ratio is currently 2.1 days.

Colony Bankcorp Stock Down 0.6 %

Shares of NASDAQ:CBAN traded down $0.11 during midday trading on Friday, hitting $16.98. 51,801 shares of the company’s stock traded hands, compared to its average volume of 35,140. Colony Bankcorp has a twelve month low of $10.33 and a twelve month high of $18.03. The company has a market cap of $297.66 million, a PE ratio of 13.58 and a beta of 0.57. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.78 and a current ratio of 0.81. The firm’s fifty day moving average price is $15.56 and its two-hundred day moving average price is $13.81.

Colony Bankcorp (NASDAQ:CBAN) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Colony Bankcorp had a return on equity of 8.86% and a net margin of 12.75%. The company had revenue of $44.69 million for the quarter, compared to the consensus estimate of $28.67 million. During the same period in the previous year, the business earned $0.34 EPS. On average, equities research analysts anticipate that Colony Bankcorp will post 1.33 EPS for the current fiscal year.

Colony Bankcorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be issued a $0.112 dividend. This represents a $0.45 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Wednesday, November 6th. Colony Bankcorp’s dividend payout ratio (DPR) is presently 36.00%.

Institutional Investors Weigh In On Colony Bankcorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Colony Bankcorp by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 918,020 shares of the financial services provider’s stock worth $10,557,000 after purchasing an additional 6,891 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Colony Bankcorp by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 508,394 shares of the financial services provider’s stock worth $6,228,000 after acquiring an additional 38,457 shares during the period. Geode Capital Management LLC lifted its position in Colony Bankcorp by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 363,547 shares of the financial services provider’s stock valued at $5,643,000 after purchasing an additional 7,740 shares during the last quarter. State Street Corp increased its stake in shares of Colony Bankcorp by 7.6% in the third quarter. State Street Corp now owns 253,507 shares of the financial services provider’s stock valued at $3,934,000 after purchasing an additional 17,865 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Colony Bankcorp by 3.6% during the second quarter. Renaissance Technologies LLC now owns 95,078 shares of the financial services provider’s stock valued at $1,165,000 after buying an additional 3,300 shares during the last quarter. Institutional investors and hedge funds own 50.37% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th.

About Colony Bankcorp

Colony Bankcorp, Inc operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and consumer customers. The company offers deposit products, including demand, savings, and time deposits. It also provides loans to small and medium-sized businesses; residential and commercial construction, and land development loans; commercial real estate loans; commercial loans; agri-business and production loans; residential mortgage loans; home equity loans; and consumer loans.