Colony Bankcorp, Inc. (NASDAQ:CBAN) Sees Large Increase in Short Interest

Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report) was the target of a large increase in short interest during 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 volume of 36,400 shares, the short-interest ratio is currently 2.5 days.

Colony Bankcorp Trading Down 0.0 %

NASDAQ CBAN traded down $0.01 on Friday, reaching $17.02. The stock had a trading volume of 67,779 shares, compared to its average volume of 63,732. 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 stock has a fifty day moving average price of $16.48 and a two-hundred day moving average price of $15.69. Colony Bankcorp has a 12-month low of $10.33 and a 12-month high of $18.49. The firm has a market capitalization of $298.26 million, a price-to-earnings ratio of 12.61 and a beta of 0.62.

Colony Bankcorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 2.70%. This is a boost from Colony Bankcorp's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, February 5th. Colony Bankcorp's dividend payout ratio (DPR) is 33.33%.

Institutional Trading of Colony Bankcorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Colony Bankcorp in the fourth quarter valued at approximately $905,000. Bailard Inc. purchased a new stake in shares of Colony Bankcorp during the fourth quarter worth $266,000. Bank of New York Mellon Corp raised its stake in shares of Colony Bankcorp by 3.5% in the fourth quarter. Bank of New York Mellon Corp now owns 47,185 shares of the financial services provider's stock valued at $762,000 after acquiring an additional 1,608 shares in the last quarter. Polaris Capital Management LLC grew its stake in Colony Bankcorp by 7.0% during the 4th quarter. Polaris Capital Management LLC now owns 133,179 shares of the financial services provider's stock worth $2,150,000 after purchasing an additional 8,700 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in Colony Bankcorp by 4.9% during the 4th quarter. Empowered Funds LLC now owns 37,233 shares of the financial services provider's stock worth $601,000 after purchasing an additional 1,755 shares during the period. 50.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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 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.