Bank of New York Mellon Corp Purchases 7,726 Shares of Colony Bankcorp, Inc. (NASDAQ:CBAN)

Bank of New York Mellon Corp grew its holdings in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 15.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,044 shares of the financial services provider’s stock after buying an additional 7,726 shares during the period. Bank of New York Mellon Corp owned 0.33% of Colony Bankcorp worth $711,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC increased its position in Colony Bankcorp by 7.8% during the 1st quarter. Empowered Funds LLC now owns 31,396 shares of the financial services provider’s stock valued at $361,000 after buying an additional 2,275 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in Colony Bankcorp by 8.9% in the first quarter. Hillsdale Investment Management Inc. now owns 56,057 shares of the financial services provider’s stock worth $645,000 after acquiring an additional 4,600 shares in the last quarter. Trexquant Investment LP boosted its holdings in Colony Bankcorp by 31.1% in the fourth quarter. Trexquant Investment LP now owns 27,777 shares of the financial services provider’s stock worth $369,000 after acquiring an additional 6,586 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Colony Bankcorp by 0.8% in the first quarter. Vanguard Group Inc. now owns 918,020 shares of the financial services provider’s stock worth $10,557,000 after acquiring an additional 6,891 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Colony Bankcorp by 42.1% in the fourth quarter. BNP Paribas Financial Markets now owns 24,506 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 7,261 shares in the last quarter. 50.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th.

Colony Bankcorp Price Performance

Shares of CBAN opened at $15.53 on Monday. The firm has a market cap of $272.69 million, a PE ratio of 12.42 and a beta of 0.57. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 1.01. The firm has a fifty day simple moving average of $14.44 and a two-hundred day simple moving average of $12.50. Colony Bankcorp, Inc. has a 1-year low of $9.35 and a 1-year high of $15.96.

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

Colony Bankcorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were paid a $0.112 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.45 annualized dividend and a dividend yield of 2.88%. Colony Bankcorp’s dividend payout ratio (DPR) is 36.00%.

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.