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

Colony Bankcorp, Inc. (NASDAQ:CBAN) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 86,100 shares, a growth of 10.1% from the August 31st total of 78,200 shares. Based on an average trading volume of 57,500 shares, the days-to-cover ratio is presently 1.5 days.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in Colony Bankcorp by 8.2% during the second 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. O Shaughnessy Asset Management LLC increased its position in shares of Colony Bankcorp by 44.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 44,589 shares of the financial services provider’s stock valued at $513,000 after purchasing an additional 13,701 shares during the period. BNP Paribas Financial Markets lifted its position in Colony Bankcorp by 47.9% in the first quarter. BNP Paribas Financial Markets now owns 36,252 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 11,746 shares during the period. Rothschild Investment LLC acquired a new stake in Colony Bankcorp during the second quarter worth $139,000. Finally, Quadrature Capital Ltd bought a new stake in Colony Bankcorp in the 1st quarter valued at $123,000. 50.37% of the stock is owned by institutional investors.

Colony Bankcorp Stock Performance

Shares of CBAN stock traded down $0.34 during trading on Tuesday, reaching $15.18. The company had a trading volume of 7,405 shares, compared to its average volume of 42,832. The firm’s 50 day simple moving average is $14.65 and its two-hundred day simple moving average is $12.68. Colony Bankcorp has a one year low of $9.35 and a one year high of $15.96. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.80 and a quick ratio of 0.78. The company has a market capitalization of $266.55 million, a PE ratio of 12.42 and a beta of 0.57.

Colony Bankcorp (NASDAQ:CBAN) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Colony Bankcorp had a net margin of 13.03% and a return on equity of 9.09%. The business had revenue of $42.83 million during the quarter, compared to analysts’ expectations of $28.97 million. During the same period in the previous year, the company earned $0.33 earnings per share. Sell-side analysts forecast that Colony Bankcorp will post 1.33 earnings per share for the current year.

Colony Bankcorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were given a dividend of $0.112 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.45 annualized dividend and a dividend yield of 2.95%. Colony Bankcorp’s dividend payout ratio is presently 36.00%.

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.