Colony Bankcorp Inc (NASDAQ:CBAN) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 22,000 shares, a decline of 21.1% from the January 15th total of 27,900 shares. Based on an average trading volume of 7,500 shares, the short-interest ratio is currently 2.9 days. Approximately 0.3% of the company’s shares are sold short.

Shares of NASDAQ CBAN traded down $0.12 during trading on Friday, hitting $15.16. 5,300 shares of the company traded hands, compared to its average volume of 7,803. Colony Bankcorp has a 1 year low of $14.94 and a 1 year high of $18.95. The company has a 50-day moving average price of $15.54 and a 200-day moving average price of $15.78. The firm has a market capitalization of $144.86 million, a P/E ratio of 13.42 and a beta of 0.67. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.70.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. Colony Bankcorp had a net margin of 13.57% and a return on equity of 10.29%. The company had revenue of $17.40 million during the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, January 30th. This is a boost from Colony Bankcorp’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 2.64%.

In other Colony Bankcorp news, CFO Terry L. Hester sold 3,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $16.00, for a total value of $48,000.00. Following the completion of the transaction, the chief financial officer now directly owns 98,873 shares in the company, valued at approximately $1,581,968. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.70% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Citigroup Inc. grew its stake in shares of Colony Bankcorp by 700.5% during the 4th quarter. Citigroup Inc. now owns 1,489 shares of the financial services provider’s stock valued at $25,000 after buying an additional 1,303 shares during the period. Barclays PLC grew its stake in shares of Colony Bankcorp by 100.9% during the 4th quarter. Barclays PLC now owns 7,568 shares of the financial services provider’s stock valued at $125,000 after buying an additional 3,801 shares during the period. UBS Group AG grew its stake in shares of Colony Bankcorp by 56.7% during the 4th quarter. UBS Group AG now owns 11,397 shares of the financial services provider’s stock valued at $188,000 after buying an additional 4,126 shares during the period. Northern Trust Corp purchased a new stake in shares of Colony Bankcorp during the 2nd quarter valued at $263,000. Finally, Bank of New York Mellon Corp purchased a new stake in Colony Bankcorp during the 2nd quarter worth $466,000. 20.46% of the stock is owned by institutional investors.

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 retail customers. It offers various deposit products, including demand, savings, and time deposits. The company 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.

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