Short Interest in Colony Bankcorp, Inc. (NASDAQ:CBAN) Rises By 8.3%

Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 91,300 shares, a growth 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 Ratings Changes

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

Colony Bankcorp Price Performance

CBAN traded up $0.16 during midday trading on Monday, reaching $15.78. 102,355 shares of the company's stock were exchanged, compared to its average volume of 34,756. The business's 50-day moving average price is $16.67 and its 200 day moving average price is $15.37. The stock has a market capitalization of $276.54 million, a PE ratio of 12.62 and a beta of 0.62. Colony Bankcorp has a 1-year low of $10.33 and a 1-year high of $18.49. 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 (NASDAQ:CBAN - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Colony Bankcorp had a net margin of 12.75% and a return on equity of 8.86%. The firm had revenue of $44.69 million during the quarter, compared to the consensus estimate of $28.67 million. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, equities analysts anticipate that Colony Bankcorp will post 1.38 EPS for the current fiscal year.

Colony Bankcorp Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CBAN. SG Americas Securities LLC acquired a new position in Colony Bankcorp in the fourth quarter worth about $113,000. Fiduciary Alliance LLC acquired a new position in shares of Colony Bankcorp during the fourth quarter valued at $239,000. JPMorgan Chase & Co. increased its stake in shares of Colony Bankcorp by 137.0% in 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 period. Empowered Funds LLC grew its stake 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 worth $551,000 after purchasing an additional 1,742 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Colony Bankcorp by 116.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,285 shares of the financial services provider's stock valued at $579,000 after purchasing an additional 20,031 shares in the last quarter. Institutional investors and hedge funds own 50.37% of the company's stock.

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.