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

Colony Bankcorp, Inc. (NASDAQ:CBANGet Free Report) was the target of a significant increase in short interest in the month of February. As of February 29th, there was short interest totalling 69,200 shares, an increase of 17.3% from the February 14th total of 59,000 shares. Based on an average trading volume of 48,700 shares, the short-interest ratio is currently 1.4 days.

Colony Bankcorp Price Performance

Shares of NASDAQ:CBAN opened at $10.76 on Monday. The company has a 50 day moving average of $11.83 and a 200 day moving average of $11.16. The stock has a market cap of $189.03 million, a P/E ratio of 8.68 and a beta of 0.53. Colony Bankcorp has a 12 month low of $8.59 and a 12 month high of $13.58. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 1.04.

Colony Bankcorp (NASDAQ:CBANGet Free Report) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. Colony Bankcorp had a net margin of 13.55% and a return on equity of 9.47%. The company had revenue of $28.18 million during the quarter. As a group, sell-side analysts forecast that Colony Bankcorp will post 1.4 EPS for the current fiscal year.

Colony Bankcorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were issued a $0.112 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.45 annualized dividend and a dividend yield of 4.16%. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11. Colony Bankcorp’s payout ratio is currently 36.29%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. increased its holdings in shares of Colony Bankcorp by 172.2% in the first quarter. Advisor Group Holdings Inc. now owns 1,508 shares of the financial services provider’s stock worth $28,000 after buying an additional 954 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Colony Bankcorp in the fourth quarter worth about $45,000. Citigroup Inc. grew its stake in shares of Colony Bankcorp by 20,029.6% in the second quarter. Citigroup Inc. now owns 5,435 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 5,408 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Colony Bankcorp by 116.4% in the second quarter. Wells Fargo & Company MN now owns 6,283 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 3,380 shares during the last quarter. Finally, UBS Group AG bought a new stake in shares of Colony Bankcorp in the fourth quarter worth about $60,000. Hedge funds and other institutional investors own 49.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th.

Check Out Our Latest Stock Analysis on Colony Bankcorp

Colony Bankcorp Company Profile

(Get Free Report)

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.

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