Short Interest in Colony Bankcorp, Inc. (NASDAQ:CBAN) Decreases By 21.1%

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

Colony Bankcorp Trading Up 0.2 %

Shares of CBAN traded up $0.03 during trading hours on Wednesday, reaching $16.54. 3,188 shares of the company traded hands, compared to its average volume of 66,724. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. The firm has a market cap of $289.69 million, a price-to-earnings ratio of 12.26 and a beta of 0.62. The stock’s fifty day moving average price is $16.47 and its 200 day moving average price is $16.09. Colony Bankcorp has a 12-month low of $10.33 and a 12-month high of $18.49.

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 paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 2.78%. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 5th. Colony Bankcorp’s dividend payout ratio (DPR) is 34.07%.

Hedge Funds Weigh In On Colony Bankcorp

Several hedge funds have recently modified their holdings of CBAN. Bridgeway Capital Management LLC raised its stake in shares of Colony Bankcorp by 0.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 144,584 shares of the financial services provider’s stock valued at $2,334,000 after buying an additional 955 shares during the last quarter. Martingale Asset Management L P increased its stake in Colony Bankcorp by 2.3% during the 4th quarter. Martingale Asset Management L P now owns 48,598 shares of the financial services provider’s stock worth $784,000 after buying an additional 1,108 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Colony Bankcorp by 152.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 1,226 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Colony Bankcorp by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider’s stock worth $721,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Colony Bankcorp by 3.5% during the fourth quarter. Bank of New York Mellon Corp now owns 47,185 shares of the financial services provider’s stock worth $762,000 after buying an additional 1,608 shares in the last quarter. Institutional investors and hedge funds own 50.37% of the company’s stock.

Wall Street Analyst Weigh In

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

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.