Short Interest in Colony Bankcorp, Inc. (NASDAQ:CBAN) Rises By 11.1%

Colony Bankcorp, Inc. (NASDAQ:CBAN) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 78,200 shares, an increase of 11.1% from the August 15th total of 70,400 shares. Based on an average daily volume of 55,600 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Colony Bankcorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its holdings in shares of Colony Bankcorp by 3.6% during the second quarter. Renaissance Technologies LLC now owns 95,078 shares of the financial services provider’s stock worth $1,165,000 after buying an additional 3,300 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Colony Bankcorp by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 508,394 shares of the financial services provider’s stock worth $6,228,000 after purchasing an additional 38,457 shares during the period. Ritholtz Wealth Management grew its position in Colony Bankcorp by 8.9% in the 2nd quarter. Ritholtz Wealth Management now owns 26,753 shares of the financial services provider’s stock valued at $328,000 after buying an additional 2,193 shares during the last quarter. Rothschild Investment LLC purchased a new position in Colony Bankcorp in the 2nd quarter valued at $139,000. Finally, Panagora Asset Management Inc. increased its stake in Colony Bankcorp by 19.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 48,782 shares of the financial services provider’s stock valued at $598,000 after buying an additional 7,885 shares during the period. Institutional investors and hedge funds own 50.37% of the company’s stock.

Colony Bankcorp Trading Up 0.1 %

CBAN traded up $0.02 on Wednesday, hitting $15.52. The company had a trading volume of 7,256 shares, compared to its average volume of 42,801. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 1.01. The firm has a market cap of $272.52 million, a P/E ratio of 12.40 and a beta of 0.57. The company’s fifty day moving average price is $14.22 and its 200 day moving average price is $12.37. Colony Bankcorp has a 1 year low of $9.35 and a 1 year high of $15.80.

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

Colony Bankcorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were paid a $0.112 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.45 annualized dividend and a yield of 2.89%. Colony Bankcorp’s dividend payout ratio is presently 36.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th.

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.