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

Colony Bankcorp, Inc. (NYSE:CBAN) was the recipient of a significant increase in short interest in the month of 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. Currently, 3.8% of the shares of the company are sold short. Based on an average trading volume of 496,866 shares, the days-to-cover ratio is currently 1.5 days.

Colony Bankcorp Stock Performance

Shares of CBAN stock traded up $0.88 during trading hours on Thursday, reaching $21.39. The stock had a trading volume of 325,951 shares, compared to its average volume of 388,800. The firm has a market capitalization of $452.59 million, a PE ratio of 11.03 and a beta of 0.56. The firm has a 50-day simple moving average of $20.15 and a 200-day simple moving average of $19.85. Colony Bankcorp has a twelve month low of $15.80 and a twelve month high of $21.61. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.89 and a quick ratio of 0.88.

Colony Bankcorp (NYSE:CBAN) last posted its earnings results 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 during the quarter, compared to analyst estimates of $42.10 million. Colony Bankcorp had a net margin of 14.83% and a return on equity of 10.23%. As a group, equities analysts forecast that Colony Bankcorp will post 1.92 earnings per share for the current year.

Colony Bankcorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $0.48 annualized dividend and a yield of 2.2%. Colony Bankcorp’s payout ratio is presently 30.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Allen Mooney & Barnes Investment Advisors LLC acquired a new position in shares of Colony Bankcorp during the fourth quarter valued at approximately $1,006,000. Thomasville National Bank bought a new stake in Colony Bankcorp during the fourth quarter worth approximately $1,015,000. Oppenheimer & Close LLC acquired a new stake in Colony Bankcorp in the fourth quarter worth approximately $958,000. Nicholas Hoffman & Company LLC. acquired a new stake in Colony Bankcorp in the first quarter worth approximately $1,068,000. Finally, PNC Financial Services Group Inc. boosted its stake in Colony Bankcorp by 15.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,694 shares of the company’s stock valued at $174,000 after purchasing an additional 1,146 shares in the last quarter. Institutional investors own 50.37% of the company’s stock.

Wall Street Analysts Forecast Growth

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