Colony Bankcorp, Inc. (NASDAQ:CBAN) Sees Large Decline in Short Interest

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its position in Colony Bankcorp by 152.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the financial services provider’s stock worth $33,000 after buying an additional 1,226 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Colony Bankcorp during the 4th quarter worth approximately $113,000. Deutsche Bank AG acquired a new position in Colony Bankcorp during the fourth quarter valued at approximately $143,000. Wells Fargo & Company MN lifted its position in shares of Colony Bankcorp by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,721 shares of the financial services provider’s stock worth $157,000 after buying an additional 2,118 shares during the last quarter. Finally, Fiduciary Alliance LLC bought a new position in Colony Bankcorp in the fourth quarter valued at about $239,000. 50.37% of the stock is owned by institutional investors.

Colony Bankcorp Stock Performance

CBAN traded down $0.24 on Thursday, reaching $16.22. The company had a trading volume of 47,547 shares, compared to its average volume of 66,122. Colony Bankcorp has a fifty-two week low of $10.33 and a fifty-two week high of $18.49. The stock has a market cap of $284.09 million, a P/E ratio of 12.00 and a beta of 0.62. The company’s fifty day moving average is $16.47 and its 200 day moving average is $16.10. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Wednesday, February 5th. This is a positive change from Colony Bankcorp’s previous quarterly dividend of $0.11. Colony Bankcorp’s dividend payout ratio is presently 34.07%.

Analysts Set New Price Targets

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

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.