Short Interest in Colony Bankcorp, Inc. (NASDAQ:CBAN) Increases By 22.0%

Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 110,800 shares, a growth of 22.0% from the March 31st total of 90,800 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 78,400 shares, the short-interest ratio is currently 1.4 days.

Colony Bankcorp Price Performance

NASDAQ:CBAN traded up $0.41 during trading hours on Thursday, hitting $15.84. The company's stock had a trading volume of 32,063 shares, compared to its average volume of 53,005. Colony Bankcorp has a 52-week low of $11.21 and a 52-week high of $18.49. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81. The business's 50-day moving average is $15.61 and its two-hundred day moving average is $16.24. The company has a market capitalization of $276.91 million, a PE ratio of 11.73 and a beta of 0.62.

Colony Bankcorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be issued a $0.115 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.46 dividend on an annualized basis and a yield of 2.90%. Colony Bankcorp's dividend payout ratio (DPR) is presently 32.17%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Colony Bankcorp from a "hold" rating to a "buy" rating in a report on Thursday, January 9th.

Institutional Investors Weigh In On Colony Bankcorp

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Colony Bankcorp by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 579,078 shares of the financial services provider's stock worth $9,347,000 after purchasing an additional 25,505 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Colony Bankcorp by 2.2% in 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 buying an additional 7,740 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Colony Bankcorp by 0.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 263,952 shares of the financial services provider's stock worth $4,260,000 after buying an additional 1,648 shares during the last quarter. Zacks Investment Management raised its stake in shares of Colony Bankcorp by 6.2% during the 4th quarter. Zacks Investment Management now owns 212,617 shares of the financial services provider's stock worth $3,432,000 after buying an additional 12,373 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in Colony Bankcorp by 0.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 144,584 shares of the financial services provider's stock valued at $2,334,000 after acquiring an additional 955 shares during the last quarter. Hedge funds and other institutional investors own 50.37% of the company's stock.

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.