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

Colony Bankcorp, Inc. (NASDAQ:CBAN) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 86,100 shares, an increase 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 currently 1.5 days.

Colony Bankcorp Price Performance

Shares of NASDAQ CBAN traded down $0.34 during mid-day trading on Tuesday, hitting $15.18. 7,405 shares of the stock were exchanged, compared to its average volume of 42,832. Colony Bankcorp has a twelve month low of $9.35 and a twelve month high of $15.96. The stock’s fifty day simple moving average is $14.65 and its two-hundred day simple moving average is $12.68. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.78 and a current ratio of 0.80. The company has a market cap of $266.55 million, a P/E 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 (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $42.83 million during the quarter, compared to the consensus estimate of $28.97 million. Colony Bankcorp had a return on equity of 9.09% and a net margin of 13.03%. During the same quarter in the previous year, the company posted $0.33 EPS. As a group, analysts forecast that Colony Bankcorp will post 1.33 EPS for the current fiscal year.

Colony Bankcorp Dividend Announcement

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

Institutional Investors Weigh In On Colony Bankcorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CBAN. Quadrature Capital Ltd acquired a new position in shares of Colony Bankcorp during the first quarter worth approximately $123,000. Rothschild Investment LLC acquired a new stake in shares of Colony Bankcorp in the 2nd quarter valued at $139,000. BNP Paribas Financial Markets raised its position in shares of Colony Bankcorp by 42.1% during the fourth quarter. BNP Paribas Financial Markets now owns 24,506 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 7,261 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of Colony Bankcorp by 8.9% during the second quarter. Ritholtz Wealth Management now owns 26,753 shares of the financial services provider’s stock valued at $328,000 after acquiring an additional 2,193 shares during the period. Finally, Trexquant Investment LP boosted its holdings in Colony Bankcorp by 31.1% in the fourth quarter. Trexquant Investment LP now owns 27,777 shares of the financial services provider’s stock valued at $369,000 after acquiring an additional 6,586 shares during the last quarter. Institutional investors and hedge funds own 50.37% of the company’s stock.

Analyst Ratings Changes

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

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.