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

Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 84,300 shares, a growth of 12.0% from the November 30th total of 75,300 shares. Based on an average daily trading volume, of 34,900 shares, the short-interest ratio is presently 2.4 days.

Colony Bankcorp Stock Performance

Shares of NASDAQ:CBAN traded up $0.02 on Monday, hitting $16.27. The company had a trading volume of 19,041 shares, compared to its average volume of 41,105. The stock has a market cap of $285.16 million, a price-to-earnings ratio of 13.02 and a beta of 0.61. The stock has a 50 day moving average price of $16.67 and a 200 day moving average price of $14.97. Colony Bankcorp has a 1-year low of $10.33 and a 1-year high of $18.49. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90.

Colony Bankcorp (NASDAQ:CBAN - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Colony Bankcorp had a net margin of 12.75% and a return on equity of 8.86%. The business had revenue of $44.69 million for the quarter, compared to analyst estimates of $28.67 million. During the same quarter in the prior year, the business earned $0.34 EPS. Analysts expect that Colony Bankcorp will post 1.38 EPS for the current year.

Colony Bankcorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a $0.112 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.45 annualized dividend and a yield of 2.75%. Colony Bankcorp's dividend payout ratio (DPR) is presently 36.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Colony Bankcorp from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBAN. De Lisle Partners LLP boosted its position in shares of Colony Bankcorp by 105.8% in the third quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider's stock valued at $1,058,000 after acquiring an additional 35,000 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Colony Bankcorp by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider's stock valued at $721,000 after purchasing an additional 1,500 shares during the period. Dimensional Fund Advisors LP boosted its holdings 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 during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Colony Bankcorp by 116.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,285 shares of the financial services provider's stock worth $579,000 after purchasing an additional 20,031 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of Colony Bankcorp during the second quarter worth approximately $139,000. 50.37% of the stock is owned by institutional investors and hedge funds.

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.