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

Colony Bankcorp, Inc. (NASDAQ:CBAN) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 91,300 shares, an increase of 8.3% from the December 15th total of 84,300 shares. Based on an average daily trading volume, of 36,400 shares, the days-to-cover ratio is presently 2.5 days.

Analyst Upgrades and Downgrades

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

Colony Bankcorp Stock Performance

Shares of NASDAQ CBAN opened at $15.78 on Friday. 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 has a one year low of $10.33 and a one year high of $18.49. The business’s 50-day moving average price is $16.67 and its two-hundred day moving average price is $15.34. The company has a market capitalization of $276.54 million, a P/E ratio of 11.03 and a beta of 0.62.

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

Colony Bankcorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a $0.112 dividend. This represents a $0.45 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Wednesday, November 6th. Colony Bankcorp’s payout ratio is presently 36.00%.

Institutional Investors Weigh In On Colony Bankcorp

A number of large investors have recently bought and sold shares of CBAN. SG Americas Securities LLC bought a new stake in shares of Colony Bankcorp during the 4th quarter worth about $113,000. Fiduciary Alliance LLC bought a new stake in Colony Bankcorp during the fourth quarter worth approximately $239,000. JPMorgan Chase & Co. grew its holdings in Colony Bankcorp by 137.0% during the third quarter. JPMorgan Chase & Co. now owns 28,103 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 16,246 shares during the last quarter. Empowered Funds LLC raised its position in shares of Colony Bankcorp by 5.2% in the third quarter. Empowered Funds LLC now owns 35,478 shares of the financial services provider’s stock valued at $551,000 after purchasing an additional 1,742 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Colony Bankcorp by 116.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,285 shares of the financial services provider’s stock worth $579,000 after buying an additional 20,031 shares during the last quarter. 50.37% of the stock is currently owned by institutional investors.

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.