SummerHaven Investment Management LLC Acquires New Position in Colony Bankcorp, Inc. $CBAN

SummerHaven Investment Management LLC acquired a new stake in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 47,871 shares of the financial services provider’s stock, valued at approximately $814,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CBAN. Bailard Inc. raised its holdings in shares of Colony Bankcorp by 83.9% during the 2nd quarter. Bailard Inc. now owns 30,903 shares of the financial services provider’s stock worth $509,000 after buying an additional 14,100 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Colony Bankcorp in the second quarter valued at about $373,000. American Century Companies Inc. grew its position in Colony Bankcorp by 39.8% in the second quarter. American Century Companies Inc. now owns 218,878 shares of the financial services provider’s stock valued at $3,605,000 after acquiring an additional 62,322 shares during the last quarter. Ritholtz Wealth Management raised its stake in Colony Bankcorp by 22.9% during the second quarter. Ritholtz Wealth Management now owns 39,596 shares of the financial services provider’s stock worth $652,000 after acquiring an additional 7,375 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its stake in Colony Bankcorp by 29.2% during the second quarter. Hillsdale Investment Management Inc. now owns 280,657 shares of the financial services provider’s stock worth $4,622,000 after acquiring an additional 63,400 shares in the last quarter. 50.37% of the stock is currently owned by institutional investors.

Colony Bankcorp Trading Up 0.2%

CBAN opened at $18.55 on Thursday. The company has a market cap of $323.45 million, a P/E ratio of 13.74 and a beta of 0.66. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. The company’s 50 day moving average is $17.97 and its 200-day moving average is $17.18. Colony Bankcorp, Inc. has a 1-year low of $13.99 and a 1-year high of $19.81.

Colony Bankcorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th will be given a $0.12 dividend. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.12. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, February 11th. Colony Bankcorp’s dividend payout ratio (DPR) is 28.93%.

About Colony Bankcorp

Colony Bankcorp is a bank holding company headquartered in Fitzgerald, Georgia, operating through its wholly owned subsidiary Colony Bank. The company offers a full suite of commercial and consumer banking products, including checking and savings accounts, certificates of deposit, and mortgage lending. In addition to traditional deposit and loan services, Colony Bank provides home equity loans, SBA financing, and treasury management solutions tailored to small and medium-sized businesses.

Beyond its core banking offerings, Colony Bankcorp delivers trust and wealth management services through dedicated fiduciary professionals.