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

Colony Bankcorp, Inc. (NASDAQ:CBAN) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 84,300 shares, an increase of 12.0% from the November 30th total of 75,300 shares. Based on an average trading volume of 34,900 shares, the days-to-cover ratio is currently 2.4 days.

Analysts Set New Price Targets

Separately, StockNews.com lowered Colony Bankcorp from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Colony Bankcorp Trading Up 0.5 %

Shares of Colony Bankcorp stock traded up $0.08 on Monday, hitting $16.33. The stock had a trading volume of 11,881 shares, compared to its average volume of 41,076. The stock has a 50 day moving average of $16.67 and a 200 day moving average of $14.97. The firm has a market capitalization of $286.22 million, a P/E ratio of 13.06 and a beta of 0.61. Colony Bankcorp has a twelve month low of $10.33 and a twelve month high of $18.49. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $44.69 million during the quarter, compared to analysts’ expectations of $28.67 million. Colony Bankcorp had a net margin of 12.75% and a return on equity of 8.86%. During the same period in the prior year, the company posted $0.34 EPS. Sell-side analysts expect that Colony Bankcorp will post 1.38 earnings per share for the current fiscal year.

Colony Bankcorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a dividend of $0.112 per share. This represents a $0.45 annualized dividend and a yield of 2.74%. The ex-dividend date was Wednesday, November 6th. Colony Bankcorp’s dividend payout ratio is currently 36.00%.

Institutional Investors Weigh In On Colony Bankcorp

A number of institutional investors have recently made changes to their positions in CBAN. Dimensional Fund Advisors LP boosted its stake in shares of Colony Bankcorp by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 508,394 shares of the financial services provider’s stock valued at $6,228,000 after purchasing an additional 38,457 shares during the last quarter. Geode Capital Management LLC boosted its position in Colony Bankcorp by 2.2% during the third quarter. Geode Capital Management LLC now owns 363,547 shares of the financial services provider’s stock valued at $5,643,000 after acquiring an additional 7,740 shares during the last quarter. State Street Corp boosted its position in Colony Bankcorp by 7.6% during the third quarter. State Street Corp now owns 253,507 shares of the financial services provider’s stock valued at $3,934,000 after acquiring an additional 17,865 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Colony Bankcorp by 3.6% during the 2nd quarter. Renaissance Technologies LLC now owns 95,078 shares of the financial services provider’s stock worth $1,165,000 after acquiring an additional 3,300 shares during the period. Finally, De Lisle Partners LLP lifted its stake in shares of Colony Bankcorp by 105.8% in the 3rd 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 period. 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.