Colony Bankcorp, Inc. (NASDAQ:CBAN) Short Interest Update

Colony Bankcorp, Inc. (NASDAQ:CBAN) saw a large growth in short interest during the month of 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. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 68,600 shares, the days-to-cover ratio is presently 1.4 days.

Colony Bankcorp Trading Up 0.4 %

Shares of CBAN stock traded up $0.07 during trading hours on Monday, reaching $16.15. The company’s stock had a trading volume of 21,067 shares, compared to its average volume of 48,168. 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 stock has a market capitalization of $282.86 million, a P/E ratio of 11.96 and a beta of 0.63. The firm’s fifty day simple moving average is $16.66 and its 200 day simple moving average is $16.29. Colony Bankcorp has a one year low of $10.33 and a one year high of $18.49.

Colony Bankcorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.115 per share. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Wednesday, February 5th. Colony Bankcorp’s payout ratio is presently 34.07%.

Institutional Investors Weigh In On Colony Bankcorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC raised its stake in Colony Bankcorp by 49.5% in the third quarter. Barclays PLC now owns 54,484 shares of the financial services provider’s stock worth $845,000 after buying an additional 18,048 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Colony Bankcorp by 137.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,103 shares of the financial services provider’s stock worth $436,000 after acquiring an additional 16,246 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Colony Bankcorp by 2.2% in the 3rd 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 period. Bailard Inc. bought a new stake in shares of Colony Bankcorp during the fourth quarter valued at approximately $266,000. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 worth $721,000 after purchasing an additional 1,500 shares during the period. 50.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.