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

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

Wall Street Analysts Forecast Growth

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

Colony Bankcorp Price Performance

Shares of CBAN opened at $16.67 on Tuesday. The company has a market cap of $292.11 million, a P/E ratio of 12.35 and a beta of 0.62. Colony Bankcorp has a fifty-two week low of $10.33 and a fifty-two week high of $18.49. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90. The firm’s 50 day moving average price is $16.53 and its 200 day moving average price is $15.66.

Colony Bankcorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th will be paid a $0.115 dividend. This is a boost from Colony Bankcorp’s previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Wednesday, February 5th. Colony Bankcorp’s dividend payout ratio (DPR) is presently 33.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Colony Bankcorp by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 508,394 shares of the financial services provider’s stock valued at $6,228,000 after purchasing an additional 38,457 shares in the last quarter. Geode Capital Management LLC raised its holdings in Colony Bankcorp by 2.2% in the third quarter. Geode Capital Management LLC now owns 363,547 shares of the financial services provider’s stock valued at $5,643,000 after acquiring an additional 7,740 shares in the last quarter. State Street Corp lifted its stake in Colony Bankcorp by 7.6% in the third quarter. State Street Corp now owns 253,507 shares of the financial services provider’s stock worth $3,934,000 after acquiring an additional 17,865 shares during the last quarter. Polaris Capital Management LLC lifted its stake in Colony Bankcorp by 7.0% in the fourth quarter. Polaris Capital Management LLC now owns 133,179 shares of the financial services provider’s stock worth $2,150,000 after acquiring an additional 8,700 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Colony Bankcorp by 3.6% during the 2nd 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. 50.37% of the stock is currently owned by hedge funds and other institutional investors.

Colony Bankcorp Company Profile

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.