Victory Capital Management Inc. Acquires 562 Shares of Colony Bankcorp, Inc. (NASDAQ:CBAN)

Victory Capital Management Inc. lifted its holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,656 shares of the financial services provider’s stock after purchasing an additional 562 shares during the period. Victory Capital Management Inc. owned about 0.25% of Colony Bankcorp worth $627,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Millennium Management LLC bought a new position in shares of Colony Bankcorp in the 2nd quarter worth approximately $2,071,000. Ergoteles LLC bought a new stake in Colony Bankcorp during the 2nd quarter worth approximately $531,000. Tibra Equities Europe Ltd bought a new stake in Colony Bankcorp during the 2nd quarter worth approximately $263,000. Royal Bank of Canada raised its stake in Colony Bankcorp by 283.4% during the 2nd quarter. Royal Bank of Canada now owns 2,699 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 1,995 shares during the period. Finally, Commonwealth Equity Services LLC bought a new stake in Colony Bankcorp during the 3rd quarter worth approximately $603,000. Hedge funds and other institutional investors own 37.42% of the company’s stock.

Shares of CBAN opened at $18.03 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.68 and a quick ratio of 0.67. Colony Bankcorp, Inc. has a 1 year low of $13.70 and a 1 year high of $19.59. The company has a 50 day simple moving average of $17.72 and a two-hundred day simple moving average of $17.99. The firm has a market cap of $246.54 million, a P/E ratio of 9.44 and a beta of 0.53.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings data on Wednesday, October 20th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.22. Colony Bankcorp had a net margin of 19.26% and a return on equity of 12.85%. The business had revenue of $27.31 million during the quarter, compared to analyst estimates of $27.11 million. On average, sell-side analysts anticipate that Colony Bankcorp, Inc. will post 2.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 17th. Shareholders of record on Wednesday, November 3rd were issued a dividend of $0.102 per share. This represents a $0.41 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Tuesday, November 2nd. Colony Bankcorp’s dividend payout ratio (DPR) is currently 21.47%.

A number of research firms have commented on CBAN. Zacks Investment Research cut shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Monday, December 27th. DA Davidson began coverage on shares of Colony Bankcorp in a research note on Wednesday. They set a “buy” rating and a $21.00 target price on the stock.

About Colony Bankcorp

Colony Bankcorp, Inc is a bank holding company, which engages in the stockholder and investor relations functions through its subsidiary, Colony Bank. It operates through the following segments: Banking Division; Mortgage Division; and Small Business Specialty Lending Division. The Banking Division segment offers full service financial services to include commercial loans, consumer loans and deposit accounts.

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Institutional Ownership by Quarter for Colony Bankcorp (NASDAQ:CBAN)

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