Colony Bankcorp, Inc. (NASDAQ:CBAN) Sees Significant Increase in Short Interest

Colony Bankcorp, Inc. (NASDAQ:CBAN) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 78,200 shares, an increase of 11.1% from the August 15th total of 70,400 shares. Based on an average daily volume of 55,600 shares, the days-to-cover ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Ritholtz Wealth Management raised its holdings in Colony Bankcorp by 8.9% in the second quarter. Ritholtz Wealth Management now owns 26,753 shares of the financial services provider’s stock worth $328,000 after purchasing an additional 2,193 shares in the last quarter. Empowered Funds LLC lifted its position in Colony Bankcorp by 7.8% during the 1st quarter. Empowered Funds LLC now owns 31,396 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 2,275 shares during the period. Renaissance Technologies LLC boosted its stake in Colony Bankcorp by 3.6% during the second 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 in the last quarter. Hillsdale Investment Management Inc. boosted its stake in 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 worth $645,000 after acquiring an additional 4,600 shares in the last quarter. Finally, Trexquant Investment LP increased its stake in shares of Colony Bankcorp by 31.1% during the fourth quarter. Trexquant Investment LP now owns 27,777 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 6,586 shares in the last quarter. Hedge funds and other institutional investors own 50.37% of the company’s stock.

Colony Bankcorp Trading Down 0.1 %

Shares of CBAN stock traded down $0.01 during mid-day trading on Tuesday, reaching $15.50. The stock had a trading volume of 39,870 shares, compared to its average volume of 43,000. The firm has a market capitalization of $272.16 million, a PE ratio of 12.40 and a beta of 0.57. The stock’s 50-day moving average price is $14.22 and its two-hundred day moving average price is $12.37. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 1.01. Colony Bankcorp has a 52-week low of $9.35 and a 52-week high of $15.80.

Colony Bankcorp (NASDAQ:CBAN) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $42.83 million during the quarter, compared to analyst estimates of $28.97 million. Colony Bankcorp had a net margin of 13.03% and a return on equity of 9.09%. During the same period in the prior year, the business earned $0.33 EPS. Equities analysts expect that Colony Bankcorp will post 1.33 earnings per share for the current fiscal year.

Colony Bankcorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.112 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.89%. Colony Bankcorp’s dividend payout ratio (DPR) is 36.00%.

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.