Colony Bankcorp, Inc. (NASDAQ:CBAN) Short Interest Up 8.3% in January

Colony Bankcorp, Inc. (NASDAQ:CBAN) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 91,300 shares, a growth of 8.3% from the December 31st total of 84,300 shares. Based on an average daily volume of 36,400 shares, the short-interest ratio is currently 2.5 days.

Analyst Ratings Changes

Separately, StockNews.com upgraded Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Thursday, January 9th.

Colony Bankcorp Stock Performance

Shares of CBAN stock traded down $0.18 during trading on Monday, reaching $16.67. The company had a trading volume of 82,451 shares, compared to its average volume of 62,779. The company has a market capitalization of $292.11 million, a PE ratio of 12.35 and a beta of 0.62. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80. The firm’s 50 day simple moving average is $16.53 and its two-hundred day simple moving average is $15.66. Colony Bankcorp has a one year low of $10.33 and a one year high of $18.49.

Colony Bankcorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This is a positive change from Colony Bankcorp’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a yield of 2.76%. Colony Bankcorp’s dividend payout ratio (DPR) is presently 33.33%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Colony Bankcorp in the fourth quarter valued at about $113,000. Fiduciary Alliance LLC bought a new stake in Colony Bankcorp during the 4th quarter valued at approximately $239,000. JPMorgan Chase & Co. grew its holdings in Colony Bankcorp by 137.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,103 shares of the financial services provider’s stock valued at $436,000 after buying an additional 16,246 shares during the last quarter. Empowered Funds LLC increased its position in Colony Bankcorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 35,478 shares of the financial services provider’s stock worth $551,000 after buying an additional 1,742 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Colony Bankcorp by 116.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,285 shares of the financial services provider’s stock worth $579,000 after buying an additional 20,031 shares during the last quarter. Institutional investors own 50.37% of the company’s stock.

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.