Colony Bankcorp, Inc. $CBAN Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in Colony Bankcorp, Inc. (NYSE:CBAN) by 67.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,827 shares of the company’s stock after purchasing an additional 26,031 shares during the period. Quantinno Capital Management LP’s holdings in Colony Bankcorp were worth $1,295,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CBAN. Renaissance Technologies LLC lifted its position in shares of Colony Bankcorp by 10.0% during the 1st quarter. Renaissance Technologies LLC now owns 105,478 shares of the company’s stock worth $2,106,000 after buying an additional 9,600 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Colony Bankcorp by 15.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,694 shares of the company’s stock valued at $174,000 after buying an additional 1,146 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Colony Bankcorp by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 737,755 shares of the company’s stock valued at $14,732,000 after buying an additional 14,965 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Colony Bankcorp by 8.8% in the 1st quarter. Bank of New York Mellon Corp now owns 51,697 shares of the company’s stock valued at $1,032,000 after buying an additional 4,164 shares during the last quarter. Finally, Hillsdale Investment Management Inc. raised its stake in Colony Bankcorp by 4.6% during the 1st quarter. Hillsdale Investment Management Inc. now owns 250,177 shares of the company’s stock worth $4,996,000 after acquiring an additional 10,920 shares in the last quarter. Institutional investors and hedge funds own 50.37% of the company’s stock.

Insider Transactions at Colony Bankcorp

In other Colony Bankcorp news, insider Edward G. Canup acquired 2,000 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were bought at an average cost of $21.80 per share, for a total transaction of $43,600.00. Following the completion of the purchase, the insider owned 36,702 shares in the company, valued at $800,103.60. This trade represents a 5.76% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CBAN. Hovde Group boosted their price target on shares of Colony Bankcorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings lowered Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. Wall Street Zen cut Colony Bankcorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Zacks Research raised Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $23.00.

Colony Bankcorp Price Performance

CBAN stock opened at $22.22 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $471.59 million, a P/E ratio of 13.47 and a beta of 0.55. The business has a 50 day simple moving average of $21.01 and a 200-day simple moving average of $20.34. Colony Bankcorp, Inc. has a twelve month low of $15.80 and a twelve month high of $22.46.

Colony Bankcorp (NYSE:CBAN) last announced its earnings results on Wednesday, July 22nd. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%. The business had revenue of $42.03 million for the quarter, compared to analysts’ expectations of $40.90 million. As a group, equities analysts anticipate that Colony Bankcorp, Inc. will post 1.92 EPS for the current year.

Colony Bankcorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, August 5th. Colony Bankcorp’s dividend payout ratio (DPR) is presently 29.09%.

About Colony Bankcorp

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.