Empowered Funds LLC Has $551,000 Stake in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Empowered Funds LLC boosted its stake in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 5.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,478 shares of the financial services provider’s stock after purchasing an additional 1,742 shares during the quarter. Empowered Funds LLC owned about 0.20% of Colony Bankcorp worth $551,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Colony Bankcorp by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 508,394 shares of the financial services provider’s stock worth $6,228,000 after purchasing an additional 38,457 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Colony Bankcorp by 44.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 44,589 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 13,701 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Colony Bankcorp in the 2nd quarter valued at approximately $139,000. Ritholtz Wealth Management lifted its position in shares of Colony Bankcorp by 40.0% in the third quarter. Ritholtz Wealth Management now owns 37,452 shares of the financial services provider’s stock worth $581,000 after purchasing an additional 10,699 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Colony Bankcorp during the 1st quarter worth about $123,000. 50.37% of the stock is owned by institutional investors and hedge funds.

Colony Bankcorp Price Performance

Shares of CBAN opened at $17.57 on Monday. Colony Bankcorp, Inc. has a fifty-two week low of $10.33 and a fifty-two week high of $18.03. The firm has a market capitalization of $308.00 million, a PE ratio of 14.06 and a beta of 0.57. The company’s 50-day moving average is $15.77 and its 200-day moving average is $14.03. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80.

Colony Bankcorp (NASDAQ:CBAN) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Colony Bankcorp had a net margin of 12.75% and a return on equity of 8.86%. The company had revenue of $44.69 million during the quarter, compared to analysts’ expectations of $28.67 million. During the same period in the previous year, the company earned $0.34 EPS. Equities analysts forecast that Colony Bankcorp, Inc. will post 1.38 EPS for the current year.

Colony Bankcorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.112 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.55%. Colony Bankcorp’s payout ratio is presently 36.00%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

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.