Short Interest in Colony Bankcorp, Inc. (NASDAQ:CBAN) Decreases By 21.1%

Colony Bankcorp, Inc. (NASDAQ:CBAN) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 66,900 shares, a decrease of 21.1% from the January 31st total of 84,800 shares. Based on an average daily volume of 54,400 shares, the days-to-cover ratio is presently 1.2 days.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Colony Bankcorp in the fourth quarter worth about $905,000. De Lisle Partners LLP lifted its stake in Colony Bankcorp by 105.8% during the third quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 35,000 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Colony Bankcorp by 123.5% during the fourth quarter. JPMorgan Chase & Co. now owns 62,806 shares of the financial services provider’s stock worth $1,014,000 after buying an additional 34,703 shares in the last quarter. Mackenzie Financial Corp acquired a new position in Colony Bankcorp in the fourth quarter worth approximately $477,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Colony Bankcorp by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 579,078 shares of the financial services provider’s stock valued at $9,347,000 after buying an additional 25,505 shares in the last quarter. Institutional investors own 50.37% of the company’s stock.

Colony Bankcorp Stock Performance

Shares of NASDAQ CBAN traded down $0.29 during midday trading on Tuesday, reaching $16.51. 123,974 shares of the company traded hands, compared to its average volume of 66,726. The company has a market cap of $289.20 million, a price-to-earnings ratio of 12.23 and a beta of 0.62. The stock has a 50-day moving average price of $16.47 and a 200 day moving average price of $16.09. Colony Bankcorp has a 52 week low of $10.33 and a 52 week high of $18.49. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80.

Colony Bankcorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Wednesday, February 5th. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11. Colony Bankcorp’s payout ratio is currently 34.07%.

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.