Renaissance Technologies LLC Acquires 3,300 Shares of Colony Bankcorp, Inc. (NASDAQ:CBAN)

Renaissance Technologies LLC raised its holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,078 shares of the financial services provider’s stock after buying an additional 3,300 shares during the quarter. Renaissance Technologies LLC owned 0.54% of Colony Bankcorp worth $1,165,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CBAN. Quadrature Capital Ltd bought a new position in Colony Bankcorp during the first quarter worth $123,000. Rothschild Investment LLC acquired a new position in shares of Colony Bankcorp during the second quarter worth approximately $139,000. Ritholtz Wealth Management lifted its holdings 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 purchasing an additional 2,193 shares in the last quarter. Empowered Funds LLC grew its position in Colony Bankcorp by 7.8% in the 1st quarter. Empowered Funds LLC now owns 31,396 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 2,275 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Colony Bankcorp by 47.9% during the first quarter. BNP Paribas Financial Markets now owns 36,252 shares of the financial services provider’s stock worth $417,000 after buying an additional 11,746 shares during the last quarter. 50.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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 Stock Up 1.2 %

Shares of NASDAQ CBAN opened at $15.01 on Friday. The stock has a market capitalization of $263.56 million, a P/E ratio of 12.01 and a beta of 0.57. The company has a 50-day moving average price of $14.70 and a 200-day moving average price of $12.77. Colony Bankcorp, Inc. has a 1 year low of $9.35 and a 1 year high of $15.96. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.80 and a quick ratio of 0.78.

Colony Bankcorp (NASDAQ:CBAN) last issued 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 analysts’ expectations 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 last year, the company earned $0.33 earnings per share. On average, equities research analysts forecast that Colony Bankcorp, Inc. will post 1.33 EPS for the current fiscal year.

Colony Bankcorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Wednesday, August 7th. Colony Bankcorp’s dividend payout ratio is currently 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.