Short Interest in Colony Bankcorp, Inc. (NASDAQ:CBAN) Increases By 12.9%

Colony Bankcorp, Inc. (NASDAQ:CBAN) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 83,900 shares, a growth of 12.9% from the June 15th total of 74,300 shares. Based on an average daily trading volume, of 32,400 shares, the short-interest ratio is presently 2.6 days.

Colony Bankcorp Trading Up 0.5 %

Colony Bankcorp stock traded up $0.07 during mid-day trading on Monday, hitting $13.35. The company’s stock had a trading volume of 79,835 shares, compared to its average volume of 37,035. The company has a 50 day moving average of $11.92 and a 200-day moving average of $11.68. The stock has a market cap of $234.43 million, a PE ratio of 10.68 and a beta of 0.58. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.77 and a current ratio of 0.78. Colony Bankcorp has a one year low of $9.35 and a one year high of $13.58.

Colony Bankcorp (NASDAQ:CBAN) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter. Colony Bankcorp had a return on equity of 9.22% and a net margin of 13.17%. The business had revenue of $28.14 million for the quarter. On average, research analysts anticipate that Colony Bankcorp will post 1.32 EPS for the current year.

Colony Bankcorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were given a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Tuesday, May 7th. Colony Bankcorp’s payout ratio is 36.00%.

Hedge Funds Weigh In On Colony Bankcorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Colony Bankcorp in the fourth quarter worth about $45,000. New York State Common Retirement Fund boosted its holdings in Colony Bankcorp by 725.7% in the fourth quarter. New York State Common Retirement Fund now owns 7,737 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 6,800 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Colony Bankcorp in the fourth quarter worth about $119,000. Quadrature Capital Ltd acquired a new stake in Colony Bankcorp in the first quarter worth about $123,000. Finally, Ritholtz Wealth Management acquired a new stake in Colony Bankcorp in the fourth quarter worth about $197,000. Institutional investors own 50.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Wednesday, May 29th.

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.