There was a large increase in the number of short positions taken in Colony Bankcorp, Inc. during August (NASDAQ: CBAN). As of August 15, 265,500 shares had been borrowed, an increase of 9.8% compared to the 241,800 shares that had been borrowed the day before. The current short-interest ratio is 2.4 days, which can be deduced from the fact that an average daily trading volume of 109,600 shares is taking place. In other words, trade volume drives the current short-interest ratio. In other news, Executive Vice President M. Edward Jr. Hoyle bought 2,000 company stocks on Tuesday, July 26. This was reported in the firm’s earnings report. It costs a total of $28,300.00 to acquire all of the shares in the company. When this is calculated, the price per share comes to an average of $14.15. Following the conclusion of the transaction, the executive vice president is now the owner of 22,837 business shares, which have a total value of $323,143.55 between them. The acquisition was made known to the general public through a document filed with the SEC, which may be viewed by clicking on this link. Insiders of the company purchased 3,970 shares of company stock at a total cost of $57,000 throughout the preceding three and a half months and a half of the year.
Company insiders own 7.69% of the total shares now outstanding in the corporation. During the past several months, several renowned investors have shifted the weighting of their holdings in CBAN. The proportion of shares in Colony Bankcorp that Advisor Group Holdings Inc. holds increased by 172.2% during the first three months of the year. After purchasing 954 additional shares during the most recent quarter, Advisor Group Holdings Inc. now has 1,508 shares in the financial services provider. Based on the stock’s current price, Advisor Group Holdings Inc.’s holdings are valued at $28,000. During the second quarter, BNP Paribas Arbitrage SA invested about $62,000 in Colony Bankcorp. Colony Bankcorp was the recipient of this investment. The Royal Bank of Canada boosted the percentage of Colony Bankcorp shares it owned by 5,594.9% during the first three months of the current year. Royal Bank of Canada currently has a total of 4,499 shares of the company, which has a market valuation of $84,000. This is the result of the bank purchasing an additional 4,420 shares. American International Group, Inc. made a further investment in the amount of 116 thousand dollars in Colony Bankcorp during the second quarter of the fiscal year. During the first quarter, Bank of America Corp DE boosted the amount of Colony Bankcorp shares it owned by 71.6%.
This brings us to our last point. Bank of America Corp DE now holds a total of 9,571 shares of the stock held by the financial services provider following the acquisition of an additional 3,994 shares during the quarter. The stock currently has a total value of $179,000 due to the total number of shares. The whole number of shares in the company is held by institutional investors and hedge funds to the extent that these two types of investors hold 28.33% of the total. In related news, DA Davidson lowered its target price for Colony Bankcorp from $18.00 to $16.75 and shifted its rating for the company from “buy” to “neutral” on Wednesday, August 3. The previous target price was $18.00. When trading started on Tuesday, a share of CBAN stock was going for $14.11 per share. Colony Bankcorp reached its 52-week high of $19.59 and its 52-week low of $13.84 during the period covered by this report. Considering the company’s market capitalization of $249.08 million, its price-to-earnings ratio of 11.02, and its beta value of 0.51, it can be said that the business is doing quite well. A debt-to-equity ratio comes in at 0.55, a quick ratio that comes in at 0.64, a current ratio that comes in at 0.66, and a quick ratio that comes in at 0.64. The stock price is $16.52 if one uses the simple moving average calculated over the past 200 days, while the price is $14.75 if one uses the simple moving average calculated over the last 50 days. Thursday, July 21, saw the release of the findings from the most recent quarterly financial report compiled by Colony Bankcorp (NASDAQ: CBAN).
The provider of financial services reported profits per share for the quarter of $0.30, which was significantly lower than the consensus estimate of $0.42, which was a difference of $0.12. Colony Bankcorp had a return on equity of 10.27% and a net margin of 15.39% for the company overall. The final total for sales during the quarter was $29.22 million, which was lower than the projections set by analysts, who were looking for $32.46 million. Analysts that follow the stock market forecast that the upcoming fiscal year for Colony Bankcorp would result in earnings of 1.38 cents per share for the company, which is expected to be the case. Colony Bankcorp has announced that dividends will be distributed to shareholders. Additionally, the business announced a quarterly dividend, which was paid out on August 20. On August 6, 2018, a $0.108 dividend payment per share was made to all record stockholders. This payment was made. Thursday, August 4, was the last day dividends were distributed before they were discontinued. When computed on an annualized basis, this results in a dividend payment of $0.43 per share and a dividend yield of 3.06%. Currently, 33.59% of Colony Bankcorp’s earnings are distributed to shareholders. Details concerning the Colony Bankcorp Company are included here.
The holding company for Colony Bank is called Colony Bankcorp, Inc., and it is the owner of Colony Bank. Customers of Colony Bank, whether individuals or businesses, have access to a comprehensive selection of financial products and services. Customers of the bank have access to a selection of deposit alternatives, including demand deposits, savings accounts, and time deposits. In addition, it provides loans for small and medium-sized businesses, loans for home equity; consumer loans; commercial and residential construction; loans for land development, loans for agricultural businesses and production, and loans for commercial real estate. All of these loans can be found on its website.