Ritholtz Wealth Management Raises Stock Holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Ritholtz Wealth Management grew its stake in Colony Bankcorp, Inc. (NASDAQ:CBAN) by 8.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 26,753 shares of the financial services provider’s stock after acquiring an additional 2,193 shares during the period. Ritholtz Wealth Management owned about 0.15% of Colony Bankcorp worth $328,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its position in Colony Bankcorp by 47.9% in the first quarter. BNP Paribas Financial Markets now owns 36,252 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 11,746 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Colony Bankcorp by 44.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 44,589 shares of the financial services provider’s stock valued at $513,000 after buying an additional 13,701 shares during the period. Hillsdale Investment Management Inc. acquired a new position in Colony Bankcorp during the 4th quarter worth about $684,000. New York State Common Retirement Fund grew its position in Colony Bankcorp by 725.7% in the 4th quarter. New York State Common Retirement Fund now owns 7,737 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 6,800 shares in the last quarter. Finally, Trexquant Investment LP increased its stake in Colony Bankcorp by 31.1% during the fourth quarter. Trexquant Investment LP now owns 27,777 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 6,586 shares during the period. 50.37% of the stock is currently owned by institutional investors and hedge funds.

Colony Bankcorp Stock Down 0.3 %

Colony Bankcorp stock opened at $14.83 on Friday. The firm has a market capitalization of $260.40 million, a P/E ratio of 11.86 and a beta of 0.58. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 1.01. Colony Bankcorp, Inc. has a twelve month low of $9.35 and a twelve month high of $15.80. The stock’s fifty day simple moving average is $13.82 and its 200-day simple moving average is $12.17.

Colony Bankcorp (NASDAQ:CBAN) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Colony Bankcorp had a return on equity of 9.09% and a net margin of 13.03%. The company had revenue of $42.83 million for the quarter, compared to analyst estimates of $28.97 million. During the same quarter last year, the company earned $0.33 EPS. As a group, equities analysts expect that Colony Bankcorp, Inc. will post 1.33 earnings per share for the current fiscal year.

Colony Bankcorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a $0.112 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Wednesday, August 7th. Colony Bankcorp’s dividend payout ratio is presently 36.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Wednesday.

Colony Bankcorp Profile

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.