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

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 daily trading volume, of 29,400 shares, the days-to-cover ratio is currently 2.5 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a research report on Wednesday, May 29th.

Colony Bankcorp Stock Up 0.7 %

Shares of NASDAQ CBAN traded up $0.09 during trading on Tuesday, hitting $12.24. 18,939 shares of the company traded hands, compared to its average volume of 36,712. The firm has a market capitalization of $214.93 million, a price-to-earnings ratio of 9.79 and a beta of 0.58. The business’s fifty day moving average is $11.64 and its 200 day moving average is $11.72. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.77 and a current ratio of 0.78. Colony Bankcorp has a fifty-two week low of $9.03 and a fifty-two week high of $13.58.

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

Colony Bankcorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were issued a $0.112 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Tuesday, May 7th. Colony Bankcorp’s dividend payout ratio is currently 36.00%.

Institutional Trading of Colony Bankcorp

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