Colony Bankcorp, Inc. (NASDAQ:CBAN) Short Interest Down 12.4% in September

Colony Bankcorp, Inc. (NASDAQ:CBAN) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 75,400 shares, a drop of 12.4% from the September 15th total of 86,100 shares. Based on an average daily trading volume, of 53,900 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CBAN. BNP Paribas Financial Markets raised its position in Colony Bankcorp by 47.9% in the 1st quarter. BNP Paribas Financial Markets now owns 36,252 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 11,746 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Colony Bankcorp by 7.8% during the first quarter. Empowered Funds LLC now owns 31,396 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 2,275 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Colony Bankcorp by 0.8% in the first quarter. Vanguard Group Inc. now owns 918,020 shares of the financial services provider’s stock valued at $10,557,000 after purchasing an additional 6,891 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in Colony Bankcorp by 8.9% in the 1st quarter. Hillsdale Investment Management Inc. now owns 56,057 shares of the financial services provider’s stock valued at $645,000 after acquiring an additional 4,600 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in Colony Bankcorp by 44.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 44,589 shares of the financial services provider’s stock valued at $513,000 after buying an additional 13,701 shares during the last quarter. 50.37% of the stock is owned by institutional investors and hedge funds.

Colony Bankcorp Stock Up 1.2 %

CBAN traded up $0.19 during trading on Wednesday, reaching $15.79. 25,705 shares of the stock traded hands, compared to its average volume of 41,840. The stock has a market cap of $277.26 million, a price-to-earnings ratio of 12.63 and a beta of 0.57. The stock’s 50-day simple moving average is $14.85 and its two-hundred day simple moving average is $13.01. Colony Bankcorp has a fifty-two week low of $9.35 and a fifty-two week high of $15.96. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.80 and a quick ratio of 0.78.

Colony Bankcorp (NASDAQ:CBAN) last released its earnings results on Wednesday, July 24th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Colony Bankcorp had a return on equity of 9.09% and a net margin of 13.03%. The firm had revenue of $42.83 million for the quarter, compared to analyst estimates of $28.97 million. During the same quarter last year, the firm posted $0.33 EPS. As a group, equities research analysts expect that Colony Bankcorp will post 1.33 EPS for the current year.

Colony Bankcorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a $0.112 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.45 dividend on an annualized basis and a yield of 2.84%. Colony Bankcorp’s dividend payout ratio (DPR) is presently 36.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Colony Bankcorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th.

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.