Short Interest in Colony Bankcorp, Inc. (NASDAQ:CBAN) Grows By 31.5%

Colony Bankcorp, Inc. (NASDAQ:CBAN) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 93,500 shares, a growth of 31.5% from the February 28th total of 71,100 shares. Based on an average trading volume of 68,600 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.6% of the company’s stock are short sold.

Colony Bankcorp Stock Up 0.4 %

Shares of CBAN traded up $0.07 on Monday, hitting $16.15. 21,067 shares of the stock traded hands, compared to its average volume of 48,168. Colony Bankcorp has a one year low of $10.33 and a one year high of $18.49. The company has a market capitalization of $282.86 million, a PE ratio of 11.96 and a beta of 0.63. The business has a 50 day simple moving average of $16.66 and a 200 day simple moving average of $16.29. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81.

Colony Bankcorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were paid a $0.115 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $0.46 annualized dividend and a dividend yield of 2.85%. This is a boost from Colony Bankcorp’s previous quarterly dividend of $0.11. Colony Bankcorp’s payout ratio is currently 34.07%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Colony Bankcorp

Several institutional investors have recently modified their holdings of CBAN. Dimensional Fund Advisors LP lifted its stake in Colony Bankcorp by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 579,078 shares of the financial services provider’s stock valued at $9,347,000 after acquiring an additional 25,505 shares during the period. Geode Capital Management LLC raised its holdings in shares of Colony Bankcorp by 2.2% during 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 purchasing an additional 7,740 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Colony Bankcorp by 0.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 263,952 shares of the financial services provider’s stock valued at $4,260,000 after purchasing an additional 1,648 shares during the period. State Street Corp lifted its position in Colony Bankcorp by 7.6% during the third quarter. State Street Corp now owns 253,507 shares of the financial services provider’s stock valued at $3,934,000 after purchasing an additional 17,865 shares during the period. Finally, Zacks Investment Management boosted its holdings in Colony Bankcorp by 6.2% in the fourth quarter. Zacks Investment Management now owns 212,617 shares of the financial services provider’s stock worth $3,432,000 after purchasing an additional 12,373 shares during the last quarter. 50.37% of the stock is 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.