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

Colony Bankcorp, Inc. (NYSE:CBAN) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 769,409 shares, a growth of 108.1% from the June 15th total of 369,777 shares. Based on an average daily volume of 496,866 shares, the short-interest ratio is currently 1.5 days. Approximately 3.8% of the company’s shares are short sold.

Hedge Funds Weigh In On Colony Bankcorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fourthstone LLC grew its position in Colony Bankcorp by 165.9% in the fourth quarter. Fourthstone LLC now owns 1,711,213 shares of the company’s stock worth $30,494,000 after acquiring an additional 1,067,540 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Colony Bankcorp by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 945,386 shares of the company’s stock valued at $16,081,000 after purchasing an additional 41,879 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Colony Bankcorp by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 737,755 shares of the company’s stock valued at $14,732,000 after purchasing an additional 14,965 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Colony Bankcorp by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 385,600 shares of the company’s stock valued at $6,873,000 after purchasing an additional 3,734 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Colony Bankcorp by 7.4% in the 4th quarter. State Street Corp now owns 318,829 shares of the company’s stock valued at $5,682,000 after purchasing an additional 22,035 shares during the last quarter. Institutional investors own 50.37% of the company’s stock.

Wall Street Analysts Forecast Growth

CBAN has been the subject of a number of research analyst reports. Brean Capital upgraded Colony Bankcorp from a “neutral” rating to a “buy” rating in a report on Monday, March 23rd. Zacks Research lowered Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Wall Street Zen downgraded Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Hovde Group raised their price target on shares of Colony Bankcorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Weiss Ratings raised shares of Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Colony Bankcorp presently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Colony Bankcorp Stock Up 0.4%

CBAN traded up $0.09 during trading on Wednesday, reaching $20.48. 287,329 shares of the stock traded hands, compared to its average volume of 244,549. The stock’s 50-day simple moving average is $20.10 and its two-hundred day simple moving average is $19.81. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.89 and a quick ratio of 0.88. Colony Bankcorp has a fifty-two week low of $15.80 and a fifty-two week high of $21.61. The stock has a market cap of $433.46 million, a price-to-earnings ratio of 12.80 and a beta of 0.56.

Colony Bankcorp (NYSE:CBAN) last issued its earnings results on Wednesday, April 22nd. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Colony Bankcorp had a return on equity of 10.23% and a net margin of 14.83%.The company had revenue of $39.90 million for the quarter, compared to analyst estimates of $42.10 million. As a group, equities research analysts expect that Colony Bankcorp will post 1.91 EPS for the current year.

Colony Bankcorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $0.48 annualized dividend and a dividend yield of 2.3%. Colony Bankcorp’s payout ratio is presently 30.00%.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc is a bank holding company headquartered in Baxley, Georgia, that operates through its primary subsidiary, The Colony Bank. The company’s core focus is on delivering community banking services tailored to individuals, small businesses and agricultural customers throughout Georgia and Florida. Colony Bankcorp’s structure supports a full suite of deposit and lending solutions designed to meet the needs of local markets.

The company offers a range of deposit products, including personal and business checking accounts, savings and money market accounts, and certificates of deposit.