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

Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 74,700 shares, an increase of 7.9% from the February 29th total of 69,200 shares. Based on an average daily trading volume, of 41,700 shares, the days-to-cover ratio is presently 1.8 days.

Colony Bankcorp Stock Performance

Shares of NASDAQ:CBAN traded down $0.25 on Tuesday, hitting $10.90. 31,203 shares of the company were exchanged, compared to its average volume of 41,464. The company's 50 day moving average price is $11.49 and its two-hundred day moving average price is $11.23. The firm has a market capitalization of $191.40 million, a price-to-earnings ratio of 8.99 and a beta of 0.53. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.77 and a current ratio of 0.78. Colony Bankcorp has a one year low of $8.59 and a one year high of $13.58.

Colony Bankcorp (NASDAQ:CBAN - Get Free Report) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.31 earnings per share for the quarter. The business had revenue of $28.18 million for the quarter. Colony Bankcorp had a return on equity of 9.32% and a net margin of 13.55%. Research analysts expect that Colony Bankcorp will post 1.4 earnings per share for the current year.

Colony Bankcorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were paid a $0.112 dividend. This is a positive change from Colony Bankcorp's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.45 annualized dividend and a yield of 4.11%. Colony Bankcorp's payout ratio is currently 36.29%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC grew its stake in Colony Bankcorp by 23.3% during the third quarter. Hsbc Holdings PLC now owns 20,660 shares of the financial services provider's stock worth $208,000 after buying an additional 3,903 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Colony Bankcorp by 5.3% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 515,943 shares of the financial services provider's stock worth $5,157,000 after acquiring an additional 26,030 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in Colony Bankcorp during the 3rd quarter worth approximately $133,000. Trexquant Investment LP increased its holdings in Colony Bankcorp by 32.8% during the 2nd quarter. Trexquant Investment LP now owns 38,509 shares of the financial services provider's stock valued at $363,000 after purchasing an additional 9,516 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Colony Bankcorp in the 4th quarter valued at $45,000. 50.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Colony Bankcorp from a "buy" rating to a "hold" rating in a research note on Tuesday, February 6th.

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.