56,951 Shares in Colony Bankcorp, Inc. $CBAN Purchased by Thomasville National Bank

Thomasville National Bank acquired a new stake in shares of Colony Bankcorp, Inc. (NYSE:CBAN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 56,951 shares of the company’s stock, valued at approximately $1,015,000.

A number of other hedge funds also recently bought and sold shares of CBAN. Public Employees Retirement System of Ohio purchased a new position in Colony Bankcorp in the 3rd quarter worth approximately $44,000. CWM LLC grew its position in shares of Colony Bankcorp by 29.0% in the third quarter. CWM LLC now owns 3,447 shares of the company’s stock valued at $59,000 after purchasing an additional 774 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Colony Bankcorp by 38.4% in the second quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock valued at $57,000 after purchasing an additional 969 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Colony Bankcorp by 83.0% in the third quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock valued at $61,000 after purchasing an additional 1,630 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Colony Bankcorp by 14.6% in the third quarter. PNC Financial Services Group Inc. now owns 7,655 shares of the company’s stock valued at $130,000 after purchasing an additional 974 shares during the last quarter. Institutional investors and hedge funds own 50.37% of the company’s stock.

Colony Bankcorp Trading Down 1.0%

Shares of CBAN stock opened at $20.79 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.85. The firm has a market cap of $439.94 million, a PE ratio of 13.07 and a beta of 0.61. The company has a 50-day moving average of $20.11 and a two-hundred day moving average of $18.40. Colony Bankcorp, Inc. has a 1-year low of $14.54 and a 1-year high of $21.46.

Colony Bankcorp (NYSE:CBAN) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Colony Bankcorp had a net margin of 14.85% and a return on equity of 10.08%. The business had revenue of $27.27 million for the quarter.

Colony Bankcorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were issued a $0.12 dividend. This is a boost from Colony Bankcorp’s previous quarterly dividend of $0.12. The ex-dividend date was Wednesday, February 11th. This represents a $0.48 annualized dividend and a yield of 2.3%. Colony Bankcorp’s payout ratio is 30.19%.

Wall Street Analysts Forecast Growth

CBAN has been the topic of a number of recent research reports. Zacks Research raised Colony Bankcorp to a “hold” rating in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Colony Bankcorp in a research note on Friday, March 27th. Wall Street Zen lowered Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Hovde Group boosted their price target on shares of Colony Bankcorp from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Finally, Brean Capital raised shares of Colony Bankcorp from a “neutral” rating to a “buy” rating in a report on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.00.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc is a bank holding company headquartered in Baxley, Georgia, that operates through its primary subsidiary, The Colony Bank. The company’s core focus is on delivering community banking services tailored to individuals, small businesses and agricultural customers throughout Georgia and Florida. Colony Bankcorp’s structure supports a full suite of deposit and lending solutions designed to meet the needs of local markets.

The company offers a range of deposit products, including personal and business checking accounts, savings and money market accounts, and certificates of deposit.