Colony Bankcorp, Inc. (NASDAQ:CBAN) Sees Significant Decrease in Short Interest

Colony Bankcorp, Inc. (NASDAQ:CBAN) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 74,500 shares, a decline of 21.1% from the October 15th total of 94,400 shares. Based on an average daily trading volume, of 35,200 shares, the short-interest ratio is currently 2.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CBAN. Vanguard Group Inc. increased its stake in shares of Colony Bankcorp by 0.8% during the first quarter. Vanguard Group Inc. now owns 918,020 shares of the financial services provider’s stock worth $10,557,000 after acquiring an additional 6,891 shares during the period. Dimensional Fund Advisors LP raised its position in Colony Bankcorp by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 508,394 shares of the financial services provider’s stock worth $6,228,000 after acquiring an additional 38,457 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Colony Bankcorp by 3.6% in the 2nd quarter. Renaissance Technologies LLC now owns 95,078 shares of the financial services provider’s stock valued at $1,165,000 after purchasing an additional 3,300 shares in the last quarter. De Lisle Partners LLP boosted its stake in shares of Colony Bankcorp by 105.8% during the 3rd quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider’s stock worth $1,058,000 after acquiring an additional 35,000 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Colony Bankcorp by 15.4% in the second quarter. Bank of New York Mellon Corp now owns 58,044 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 7,726 shares during the last quarter. Institutional investors and hedge funds own 50.37% of the company’s stock.

Colony Bankcorp Stock Down 0.5 %

Shares of NASDAQ CBAN traded down $0.08 during trading hours on Friday, hitting $17.01. 14,322 shares of the stock were exchanged, compared to its average volume of 41,006. The company has a quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 0.90. The company has a market cap of $298.19 million, a PE ratio of 13.67 and a beta of 0.57. The firm has a fifty day moving average price of $15.51 and a 200-day moving average price of $13.75. Colony Bankcorp has a 12 month low of $10.33 and a 12 month high of $18.03.

Colony Bankcorp (NASDAQ:CBAN) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $44.69 million for the quarter, compared to analyst estimates of $28.67 million. Colony Bankcorp had a return on equity of 8.86% and a net margin of 12.75%. During the same period last year, the company earned $0.34 earnings per share. On average, sell-side analysts expect that Colony Bankcorp will post 1.33 EPS for the current year.

Colony Bankcorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be paid a dividend of $0.112 per share. This represents a $0.45 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Wednesday, November 6th. Colony Bankcorp’s payout ratio is 36.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a research report on Tuesday.

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.