Colony Bankcorp, Inc. (NASDAQ:CBAN) Short Interest Up 7.5% in June

Colony Bankcorp, Inc. (NASDAQ:CBAN) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 74,300 shares, an increase of 7.5% from the May 31st total of 69,100 shares. Based on an average daily trading volume, of 29,400 shares, the short-interest ratio is presently 2.5 days.

Colony Bankcorp Stock Performance

Shares of CBAN stock traded down $0.04 during midday trading on Wednesday, hitting $12.20. The company had a trading volume of 11,256 shares, compared to its average volume of 36,511. The company’s 50 day simple moving average is $11.67 and its 200 day simple moving average is $11.72. Colony Bankcorp has a 52-week low of $9.03 and a 52-week high of $13.58. The stock has a market cap of $214.23 million, a price-to-earnings ratio of 9.76 and a beta of 0.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.78 and a quick ratio of 0.77.

Colony Bankcorp (NASDAQ:CBAN) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.33 earnings per share for the quarter. Colony Bankcorp had a return on equity of 9.22% and a net margin of 13.17%. The company had revenue of $28.14 million for the quarter. Research analysts anticipate that Colony Bankcorp will post 1.32 earnings per share for the current fiscal year.

Colony Bankcorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a $0.112 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $0.45 annualized dividend and a dividend yield of 3.67%. Colony Bankcorp’s dividend payout ratio (DPR) is currently 36.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Colony Bankcorp from a “hold” rating to a “buy” rating in a research report on Wednesday, May 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CBAN. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Colony Bankcorp in the fourth quarter valued at approximately $45,000. New York State Common Retirement Fund boosted its stake in shares of Colony Bankcorp by 725.7% in the fourth quarter. New York State Common Retirement Fund now owns 7,737 shares of the financial services provider’s stock valued at $103,000 after buying an additional 6,800 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Colony Bankcorp in the fourth quarter valued at approximately $119,000. Quadrature Capital Ltd purchased a new stake in shares of Colony Bankcorp in the first quarter valued at approximately $123,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of Colony Bankcorp in the fourth quarter valued at approximately $197,000. 50.37% of the stock is currently owned by hedge funds and other institutional investors.

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.