Colony Bankcorp, Inc. (NASDAQ:CBAN) Short Interest Up 31.5% in March

Colony Bankcorp, Inc. (NASDAQ:CBAN) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 93,500 shares, an increase of 31.5% from the February 28th total of 71,100 shares. Based on an average trading volume of 68,600 shares, the short-interest ratio is presently 1.4 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Colony Bankcorp

Several large investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in shares of Colony Bankcorp by 49.5% in the 3rd quarter. Barclays PLC now owns 54,484 shares of the financial services provider’s stock worth $845,000 after purchasing an additional 18,048 shares during the period. JPMorgan Chase & Co. boosted its stake in Colony Bankcorp by 137.0% during the third quarter. JPMorgan Chase & Co. now owns 28,103 shares of the financial services provider’s stock worth $436,000 after buying an additional 16,246 shares during the period. Geode Capital Management LLC increased its position in 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 acquiring an additional 7,740 shares during the last quarter. Bailard Inc. bought a new position in Colony Bankcorp during the fourth quarter valued at $266,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Colony Bankcorp by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider’s stock valued at $721,000 after acquiring an additional 1,500 shares during the period. 50.37% of the stock is owned by institutional investors.

Colony Bankcorp Stock Up 0.4 %

Shares of CBAN opened at $16.21 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a market capitalization of $283.95 million, a price-to-earnings ratio of 12.01 and a beta of 0.63. Colony Bankcorp has a 1 year low of $10.33 and a 1 year high of $18.49. The business’s 50 day simple moving average is $16.67 and its 200-day simple moving average is $16.31.

Colony Bankcorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were issued a $0.115 dividend. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 5th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.84%. Colony Bankcorp’s dividend payout ratio (DPR) is presently 34.07%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a 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.