Short Interest in Colony Bankcorp, Inc. (NASDAQ:CBAN) Grows By 7.5%

Colony Bankcorp, Inc. (NASDAQ:CBANGet Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 74,300 shares, a growth of 7.5% from the May 31st total of 69,100 shares. Based on an average daily volume of 29,400 shares, the days-to-cover ratio is presently 2.5 days.

Colony Bankcorp Stock Performance

Shares of Colony Bankcorp stock traded down $0.04 on Wednesday, reaching $12.20. 11,256 shares of the stock were exchanged, compared to its average volume of 36,511. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.84. Colony Bankcorp has a twelve month low of $9.03 and a twelve month high of $13.58. The firm has a market capitalization of $214.23 million, a price-to-earnings ratio of 9.76 and a beta of 0.58. The business has a 50 day moving average price of $11.67 and a two-hundred day moving average price of $11.72.

Colony Bankcorp (NASDAQ:CBANGet Free Report) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.33 EPS for the quarter. Colony Bankcorp had a return on equity of 9.22% and a net margin of 13.17%. The firm had revenue of $28.14 million during the quarter. Analysts anticipate that Colony Bankcorp will post 1.32 earnings per share for the current fiscal year.

Colony Bankcorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a $0.112 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.45 annualized dividend and a yield of 3.67%. Colony Bankcorp’s dividend payout ratio is presently 36.00%.

Wall Street Analysts Forecast Growth

Separately, raised Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Wednesday, May 29th.

View Our Latest Report on CBAN

Institutional Investors Weigh In On Colony Bankcorp

Hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC boosted its position in Colony Bankcorp by 23.3% in the 3rd quarter. Hsbc Holdings PLC now owns 20,660 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 3,903 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Colony Bankcorp in the 4th quarter worth approximately $119,000. Ritholtz Wealth Management purchased a new stake in Colony Bankcorp in the 4th quarter worth approximately $197,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Colony Bankcorp in the 4th quarter worth approximately $45,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in Colony Bankcorp in the 4th quarter worth approximately $684,000. Hedge funds and other institutional investors own 50.37% of the company’s stock.

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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