Colony Bankcorp, Inc. (NASDAQ:CBAN) Short Interest Down 21.1% in February

Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 66,900 shares, a decrease of 21.1% from the January 31st total of 84,800 shares. Based on an average daily volume of 54,400 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CBAN. Mackenzie Financial Corp bought a new position in shares of Colony Bankcorp during the 4th quarter valued at about $477,000. Two Sigma Advisers LP lifted its stake in Colony Bankcorp by 14.0% during the fourth quarter. Two Sigma Advisers LP now owns 38,200 shares of the financial services provider's stock valued at $617,000 after purchasing an additional 4,700 shares during the last quarter. Deutsche Bank AG bought a new stake in Colony Bankcorp during the fourth quarter worth approximately $143,000. Bridgeway Capital Management LLC boosted its holdings in Colony Bankcorp by 0.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 144,584 shares of the financial services provider's stock worth $2,334,000 after buying an additional 955 shares in the last quarter. Finally, Citadel Advisors LLC grew its position in Colony Bankcorp by 87.7% in the fourth quarter. Citadel Advisors LLC now owns 26,753 shares of the financial services provider's stock worth $432,000 after buying an additional 12,497 shares during the last quarter. 50.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Remove Ads

Colony Bankcorp Stock Performance

CBAN traded up $0.05 during trading on Friday, reaching $16.31. 124,125 shares of the company were exchanged, compared to its average volume of 68,787. Colony Bankcorp has a 52 week low of $10.33 and a 52 week 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. The firm has a 50 day moving average of $16.47 and a 200 day moving average of $16.11. The stock has a market cap of $285.75 million, a P/E ratio of 12.08 and a beta of 0.63.

Colony Bankcorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were paid a dividend of $0.115 per share. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.46 annualized dividend and a yield of 2.82%. This is an increase from Colony Bankcorp's previous quarterly dividend of $0.11. Colony Bankcorp's payout ratio is presently 34.07%.

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.