Mendon Capital Advisors Corp Has $1.23 Million Holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Mendon Capital Advisors Corp decreased its holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,000 shares of the financial services provider’s stock after selling 6,772 shares during the quarter. Colony Bankcorp accounts for approximately 1.0% of Mendon Capital Advisors Corp’s investment portfolio, making the stock its 21st biggest holding. Mendon Capital Advisors Corp owned 0.57% of Colony Bankcorp worth $1,225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBAN. Quadrature Capital Ltd bought a new position in shares of Colony Bankcorp in the first quarter valued at approximately $123,000. Rothschild Investment LLC bought a new position in Colony Bankcorp during the 2nd quarter valued at $139,000. BNP Paribas Financial Markets boosted its holdings in Colony Bankcorp by 42.1% during the 4th 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 during the last quarter. Ritholtz Wealth Management grew its stake in shares of Colony Bankcorp by 8.9% in the 2nd quarter. Ritholtz Wealth Management now owns 26,753 shares of the financial services provider’s stock worth $328,000 after acquiring an additional 2,193 shares in the last quarter. Finally, Trexquant Investment LP raised its holdings in shares of Colony Bankcorp by 31.1% in the fourth quarter. Trexquant Investment LP now owns 27,777 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 6,586 shares during the last quarter. 50.37% of the stock is owned by institutional investors.

Colony Bankcorp Stock Performance

CBAN stock opened at $15.16 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 1.01. The firm has a market cap of $266.19 million, a PE ratio of 12.13 and a beta of 0.57. The business has a 50 day moving average of $14.67 and a 200-day moving average of $12.71. Colony Bankcorp, Inc. has a 12-month low of $9.35 and a 12-month high of $15.96.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings data 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. The firm had revenue of $42.83 million during the quarter, compared to the consensus estimate of $28.97 million. Colony Bankcorp had a return on equity of 9.09% and a net margin of 13.03%. During the same quarter in the prior year, the company earned $0.33 EPS. As a group, sell-side analysts expect that Colony Bankcorp, Inc. will post 1.33 earnings per share for the current year.

Colony Bankcorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were issued a dividend of $0.112 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.45 dividend on an annualized basis and a yield of 2.96%. Colony Bankcorp’s dividend payout ratio (DPR) is presently 36.00%.

Wall Street Analyst Weigh In

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

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.