Colony Bankcorp, Inc. (NASDAQ:CBAN) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 116.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,285 shares of the financial services provider’s stock after buying an additional 20,031 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.21% of Colony Bankcorp worth $579,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CBAN. Vanguard Group Inc. grew its stake in Colony Bankcorp by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 918,020 shares of the financial services provider’s stock valued at $10,557,000 after acquiring an additional 6,891 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Colony Bankcorp during the 1st quarter worth approximately $123,000. Bank of New York Mellon Corp grew its position in shares of Colony Bankcorp by 15.4% in the second quarter. Bank of New York Mellon Corp now owns 58,044 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 7,726 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Colony Bankcorp by 19.3% in the second quarter. Panagora Asset Management Inc. now owns 48,782 shares of the financial services provider’s stock valued at $598,000 after purchasing an additional 7,885 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in Colony Bankcorp during the second quarter worth approximately $139,000. 50.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Thursday.

Colony Bankcorp Trading Up 0.1 %

Shares of CBAN opened at $17.63 on Friday. Colony Bankcorp, Inc. has a 12-month low of $10.33 and a 12-month high of $18.49. The firm has a market capitalization of $309.00 million, a P/E ratio of 14.10 and a beta of 0.57. The firm has a 50-day moving average price of $15.94 and a 200 day moving average price of $14.17. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $44.69 million during the quarter, compared to the consensus estimate of $28.67 million. Colony Bankcorp had a net margin of 12.75% and a return on equity of 8.86%. During the same quarter last year, the firm earned $0.34 EPS. Sell-side analysts forecast that Colony Bankcorp, Inc. will post 1.38 EPS for the current year.

Colony Bankcorp Dividend Announcement

The firm 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 annualized dividend and a yield of 2.54%. Colony Bankcorp’s dividend payout ratio (DPR) is 36.00%.

About Colony Bankcorp

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.