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

Colony Bankcorp, Inc. (NASDAQ:CBAN) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 66,900 shares, a drop of 21.1% from the January 31st total of 84,800 shares. Based on an average trading volume of 54,400 shares, the days-to-cover ratio is presently 1.2 days.

Hedge Funds Weigh In On Colony Bankcorp

A number of hedge funds and other institutional investors have recently modified their holdings of CBAN. Tower Research Capital LLC TRC increased its position in shares of Colony Bankcorp by 152.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 1,226 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Colony Bankcorp during the 4th quarter valued at $113,000. Deutsche Bank AG bought a new stake in shares of Colony Bankcorp during the 4th quarter worth $143,000. Wells Fargo & Company MN raised its stake in shares of Colony Bankcorp by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,721 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 2,118 shares during the period. Finally, Fiduciary Alliance LLC purchased a new position in shares of Colony Bankcorp in the 4th quarter worth about $239,000. Hedge funds and other institutional investors own 50.37% of the company’s stock.

Colony Bankcorp Stock Down 1.4 %

Shares of CBAN stock traded down $0.24 on Thursday, hitting $16.22. The stock had a trading volume of 47,547 shares, compared to its average volume of 66,122. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80. The business has a 50 day moving average of $16.47 and a 200 day moving average of $16.10. Colony Bankcorp has a 12-month low of $10.33 and a 12-month high of $18.49. The stock has a market cap of $284.09 million, a price-to-earnings ratio of 12.00 and a beta of 0.62.

Colony Bankcorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.115 per share. The ex-dividend date was Wednesday, February 5th. This represents a $0.46 annualized dividend and a dividend yield of 2.84%. This is a boost from Colony Bankcorp’s previous quarterly dividend of $0.11. Colony Bankcorp’s dividend payout ratio (DPR) is currently 34.07%.

Analyst Ratings Changes

Separately, StockNews.com raised Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Thursday, January 9th.

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.