Colony Bankcorp, Inc. (NASDAQ:CBAN) Sees Significant Short-Term Interest Growth


Colony Bankcorp, Inc. (NASDAQ:CBAN – Get Rating) experienced a significant increase in short-term interest in the month of February. As of February 15, there was short interest totaling 12,100 shares, an increase of 168.9% from the total of 4,500 shares as of January 31. Based on an average daily trading volume of 17,000 shares, the day-to-cover ratio is currently 0.7 days.

In other news, CEO T Heath Fountain bought 4,000 shares of the company in a deal on Tuesday, February 8. The shares were acquired at an average cost of $16.50 per share, with a total value of $66,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, Vice Chairman Brian D. Schmitt purchased 5,000 shares of the company in a transaction on Tuesday, February 8. The shares were purchased at an average cost of $16.50 per share, for a total transaction of $82,500.00. Disclosure of this purchase can be found here. Over the past three months, insiders have purchased 18,560 shares of the company worth $306,359. 10.31% of the shares are currently held by company insiders.

Institutional investors and hedge funds have recently increased or reduced their stakes in the company. O Shaughnessy Asset Management LLC bought a new position in Colony Bankcorp in the third quarter worth $49,000. Royal Bank of Canada increased its stake in Colony Bankcorp by 283.4% in the second quarter. Royal Bank of Canada now owns 2,699 shares of the financial services provider valued at $48,000 after buying an additional 1,995 shares last quarter. Rothschild Investment Corp IL purchased a new equity stake in Colony Bankcorp during the third quarter worth approximately $211,000. Morgan Stanley increased its stake in shares of Colony Bankcorp by 10.0% during the third quarter. Morgan Stanley now owns 15,604 shares of the financial services provider worth $291,000 after buying an additional 1,420 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new equity stake in Colony Bankcorp during the fourth quarter at a value of approximately $318,000. 37.04% of the shares are held by institutional investors.

The NASDAQ CBAN opened at $18.44 on Thursday. The company has a market capitalization of $324.34 million, a P/E ratio of 10.91 and a beta of 0.49. The company’s fifty-day simple moving average is $17.71. Colony Bankcorp has a 1-year low of $13.86 and a 1-year high of $19.59. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt ratio of 0.41.

Colony Bankcorp (NASDAQ:CBAN – Get Rating) last reported results on Thursday, January 20. The financial services provider reported earnings per share (EPS) of $0.40 for the quarter, missing analyst consensus estimates of $0.48 per ($0.08). The company posted revenue of $29.84 million for the quarter, versus analyst estimates of $29.12 million. Colony Bankcorp had a net margin of 17.40% and a return on equity of 13.14%. As a group, stock analysts predict Colony Bankcorp will post 1.86 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 18. Shareholders of record on Friday, February 4 received a dividend of $0.108. This is a boost from Colony Bankcorp’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, February 3. This represents a dividend of $0.43 on an annualized basis and a yield of 2.34%. Colony Bankcorp’s payout ratio is currently 25.44%.

Several equity research analysts have recently commented on CBAN shares. began covering Colony Bankcorp shares in a research note on Wednesday. They set a “hold” rating for the company. Zacks Investment Research downgraded shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research report on Monday, Dec. 27. Finally, DA Davidson began covering Colony Bankcorp stocks in a research report on Wednesday, January 12. They set a “buy” rating and a target price of $21.00 for the company.

Colony Bankcorp Company Profile (Get a rating)

Colony Bankcorp, Inc. is a bank holding company, which performs shareholder and investor relations functions through its subsidiary, Colony Bank. It operates through the following segments: Banking Division, Mortgage Division and Small Business Specialty Lending Division. The banking division segment offers comprehensive financial services, including commercial loans, consumer loans and deposit accounts.

See also

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Colony Bankcorp right now?

Before you consider Colony Bankcorp, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Colony Bankcorp was not on the list.

Although Colony Bankcorp currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here


About Author

Comments are closed.