Colony Bankcorp, Inc. (NASDAQ:CBAN) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN) by 2.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 363,547 shares of the financial services provider’s stock after buying an additional 7,740 shares during the quarter. Geode Capital Management LLC owned about 2.07% of Colony Bankcorp worth $5,643,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CBAN. Bank of New York Mellon Corp lifted its stake in shares of Colony Bankcorp by 15.4% during the second quarter. Bank of New York Mellon Corp now owns 58,044 shares of the financial services provider’s stock worth $711,000 after buying an additional 7,726 shares during the period. Dimensional Fund Advisors LP lifted its position in 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 acquiring an additional 38,457 shares during the period. Renaissance Technologies LLC grew its stake in Colony Bankcorp by 3.6% during the 2nd quarter. Renaissance Technologies LLC now owns 95,078 shares of the financial services provider’s stock valued at $1,165,000 after purchasing an additional 3,300 shares during the last quarter. Ritholtz Wealth Management increased its holdings 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 valued at $581,000 after purchasing an additional 10,699 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Colony Bankcorp by 5.2% in the third quarter. Empowered Funds LLC now owns 35,478 shares of the financial services provider’s stock worth $551,000 after purchasing an additional 1,742 shares during the last quarter. Hedge funds and other institutional investors own 50.37% of the company’s stock.

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, December 18th.

Colony Bankcorp Trading Down 0.4 %

Shares of Colony Bankcorp stock opened at $15.75 on Friday. Colony Bankcorp, Inc. has a 1 year low of $10.33 and a 1 year high of $18.49. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a market cap of $276.05 million, a PE ratio of 12.60 and a beta of 0.62. The firm has a fifty day moving average price of $16.76 and a 200 day moving average price of $15.10.

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

Colony Bankcorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.112 per share. This represents a $0.45 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Wednesday, November 6th. 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.