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

Colony Bankcorp, Inc. (NASDAQ:CBAN) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 74,300 shares, an increase of 7.5% from the May 31st total of 69,100 shares. Based on an average trading volume of 29,400 shares, the short-interest ratio is currently 2.5 days.

Institutional Investors Weigh In On Colony Bankcorp

A number of large investors have recently bought and sold shares of the stock. Quadrature Capital Ltd purchased a new stake in Colony Bankcorp during the 1st quarter worth about $123,000. O Shaughnessy Asset Management LLC raised its position in shares of Colony Bankcorp by 44.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 44,589 shares of the financial services provider’s stock valued at $513,000 after buying an additional 13,701 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Colony Bankcorp by 8.9% during the first quarter. Hillsdale Investment Management Inc. now owns 56,057 shares of the financial services provider’s stock valued at $645,000 after buying an additional 4,600 shares during the period. Vanguard Group Inc. lifted its stake in shares of Colony Bankcorp by 0.8% during the first quarter. Vanguard Group Inc. now owns 918,020 shares of the financial services provider’s stock valued at $10,557,000 after buying an additional 6,891 shares during the period. Finally, Empowered Funds LLC boosted its position in Colony Bankcorp by 7.8% during the first quarter. Empowered Funds LLC now owns 31,396 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 2,275 shares during the last quarter. Institutional investors and hedge funds own 50.37% of the company’s stock.

Colony Bankcorp Trading Down 0.3 %

Shares of CBAN stock opened at $12.20 on Thursday. Colony Bankcorp has a fifty-two week low of $9.03 and a fifty-two week high of $13.58. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.84. The business has a fifty day simple moving average of $11.67 and a 200-day simple moving average of $11.72. The stock has a market cap of $214.23 million, a P/E ratio of 9.76 and a beta of 0.58.

Colony Bankcorp (NASDAQ:CBAN) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter. Colony Bankcorp had a net margin of 13.17% and a return on equity of 9.22%. The company had revenue of $28.14 million during the quarter. On average, analysts forecast that Colony Bankcorp will post 1.32 earnings per share for the current fiscal year.

Colony Bankcorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were given a dividend of $0.112 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.45 annualized dividend and a dividend yield of 3.67%. Colony Bankcorp’s dividend payout ratio is currently 36.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Colony Bankcorp from a “hold” rating to a “buy” rating in a research note on Wednesday, May 29th.

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.