Colony Bankcorp, Inc. (NYSE:CBAN) Short Interest Update

Colony Bankcorp, Inc. (NYSE:CBAN) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 769,409 shares, an increase of 108.1% from the June 15th total of 369,777 shares. Approximately 3.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 496,866 shares, the short-interest ratio is presently 1.5 days.

Hedge Funds Weigh In On Colony Bankcorp

Several hedge funds have recently made changes to their positions in the business. Allen Mooney & Barnes Investment Advisors LLC bought a new stake in Colony Bankcorp in the fourth quarter valued at $1,006,000. Thomasville National Bank bought a new position in Colony Bankcorp in the 4th quarter worth $1,015,000. Oppenheimer & Close LLC purchased a new stake in shares of Colony Bankcorp in the 4th quarter worth about $958,000. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Colony Bankcorp in the 1st quarter worth about $1,068,000. Finally, Barclays PLC boosted its stake in shares of Colony Bankcorp by 5.5% during the 4th quarter. Barclays PLC now owns 72,076 shares of the company’s stock valued at $1,284,000 after purchasing an additional 3,742 shares in the last quarter. 50.37% of the stock is owned by hedge funds and other institutional investors.

Colony Bankcorp Trading Down 1.4%

NYSE:CBAN traded down $0.30 during midday trading on Friday, reaching $21.13. 69,912 shares of the stock traded hands, compared to its average volume of 243,849. The stock has a market capitalization of $447.15 million, a P/E ratio of 13.27 and a beta of 0.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.88 and a current ratio of 0.89. The company has a fifty day moving average of $20.15 and a 200 day moving average of $19.85. Colony Bankcorp has a 12 month low of $15.80 and a 12 month high of $21.61.

Colony Bankcorp (NYSE:CBAN) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $39.90 million for the quarter, compared to analysts’ expectations of $42.10 million. Colony Bankcorp had a net margin of 14.83% and a return on equity of 10.23%. On average, research analysts predict that Colony Bankcorp will post 1.92 EPS for the current year.

Colony Bankcorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, May 6th. Colony Bankcorp’s dividend payout ratio (DPR) is currently 30.00%.

Wall Street Analyst Weigh In

CBAN has been the subject of several research reports. Zacks Research raised Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Weiss Ratings raised shares of Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, May 15th. Wall Street Zen cut shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Hovde Group upped their price target on shares of Colony Bankcorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Brean Capital raised Colony Bankcorp from a “neutral” rating to a “buy” rating in a research note on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $23.00.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc is a bank holding company headquartered in Baxley, Georgia, that operates through its primary subsidiary, The Colony Bank. The company’s core focus is on delivering community banking services tailored to individuals, small businesses and agricultural customers throughout Georgia and Florida. Colony Bankcorp’s structure supports a full suite of deposit and lending solutions designed to meet the needs of local markets.

The company offers a range of deposit products, including personal and business checking accounts, savings and money market accounts, and certificates of deposit.