Short Interest in Colony Bankcorp, Inc. (NASDAQ:CBAN) Rises By 29.6%

Colony Bankcorp, Inc. (NASDAQ:CBAN) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 101,600 shares, a growth of 29.6% from the August 15th total of 78,400 shares. Based on an average trading volume of 49,400 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Trading of Colony Bankcorp

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. boosted its stake in Colony Bankcorp by 172.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,508 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 954 shares in the last quarter. BNP Paribas Arbitrage SA bought a new position in Colony Bankcorp in the 2nd quarter worth about $62,000. Royal Bank of Canada boosted its stake in Colony Bankcorp by 5,594.9% in the 1st quarter. Royal Bank of Canada now owns 4,499 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 4,420 shares in the last quarter. UBS Group AG bought a new position in Colony Bankcorp in the 4th quarter worth about $60,000. Finally, BNP Paribas Arbitrage SNC boosted its stake in Colony Bankcorp by 27.5% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 5,274 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,137 shares in the last quarter. 49.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Colony Bankcorp in a report on Thursday, August 17th. They issued a “hold” rating on the stock.

Colony Bankcorp Trading Down 1.7 %

Shares of Colony Bankcorp stock traded down $0.17 on Friday, hitting $10.12. The stock had a trading volume of 106,653 shares, compared to its average volume of 45,553. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The stock’s 50-day simple moving average is $10.37 and its two-hundred day simple moving average is $10.05. The stock has a market cap of $177.81 million, a price-to-earnings ratio of 8.43 and a beta of 0.58. Colony Bankcorp has a one year low of $8.59 and a one year high of $14.49.

Colony Bankcorp (NASDAQ:CBAN) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $28.13 million for the quarter, compared to the consensus estimate of $29.69 million. Colony Bankcorp had a net margin of 14.93% and a return on equity of 9.44%. As a group, sell-side analysts predict that Colony Bankcorp will post 1.31 EPS for the current year.

Colony Bankcorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date was Tuesday, August 8th. Colony Bankcorp’s dividend payout ratio is presently 36.67%.

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.