Colony Bankcorp, Inc. (NASDAQ:CBAN) Short Interest Down 21.7% in March

Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 58,500 shares, a drop of 21.7% from the March 15th total of 74,700 shares. Based on an average trading volume of 38,800 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On Colony Bankcorp

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Colony Bankcorp by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 911,129 shares of the financial services provider's stock valued at $12,118,000 after acquiring an additional 36,124 shares during the period. Mendon Capital Advisors Corp purchased a new stake in Colony Bankcorp in the fourth quarter worth $1,862,000. Barclays PLC increased its position in Colony Bankcorp by 57.9% during the 4th quarter. Barclays PLC now owns 54,136 shares of the financial services provider's stock valued at $720,000 after purchasing an additional 19,857 shares during the period. Nuveen Asset Management LLC raised its holdings in Colony Bankcorp by 49.1% in the 4th quarter. Nuveen Asset Management LLC now owns 34,347 shares of the financial services provider's stock worth $457,000 after purchasing an additional 11,305 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in shares of Colony Bankcorp by 1.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 152,672 shares of the financial services provider's stock worth $2,031,000 after purchasing an additional 2,496 shares during the period. Hedge funds and other institutional investors own 50.37% of the company's stock.

Colony Bankcorp Trading Down 0.6 %

Shares of NASDAQ:CBAN traded down $0.06 on Friday, reaching $10.57. 17,765 shares of the company traded hands, compared to its average volume of 32,686. Colony Bankcorp has a 52 week low of $8.59 and a 52 week high of $13.58. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.94. The business's 50-day simple moving average is $11.15 and its 200 day simple moving average is $11.28. The stock has a market capitalization of $185.61 million, a P/E ratio of 8.52 and a beta of 0.53.

Colony Bankcorp (NASDAQ:CBAN - Get Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. Colony Bankcorp had a return on equity of 9.32% and a net margin of 13.55%. The business had revenue of $28.18 million for the quarter.

Colony Bankcorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were paid a $0.112 dividend. This represents a $0.45 annualized dividend and a dividend yield of 4.24%. This is an increase from Colony Bankcorp's previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, February 6th. Colony Bankcorp's payout ratio is presently 36.29%.

Analysts Set New Price Targets

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

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.

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