Hsbc Holdings PLC Takes Position in Colony Bankcorp, Inc. $CBAN

Hsbc Holdings PLC purchased a new position in Colony Bankcorp, Inc. (NYSE:CBAN) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 54,860 shares of the company’s stock, valued at approximately $1,103,000.

Several other large investors have also recently made changes to their positions in CBAN. BlackRock Inc. purchased a new stake in shares of Colony Bankcorp during the 2nd quarter worth $46,935,000. Fourthstone LLC grew its stake in Colony Bankcorp by 165.9% in the fourth quarter. Fourthstone LLC now owns 1,711,213 shares of the company’s stock valued at $30,494,000 after purchasing an additional 1,067,540 shares during the last quarter. Vanguard Group Inc. grew its stake in Colony Bankcorp by 4.6% in the third quarter. Vanguard Group Inc. now owns 945,386 shares of the company’s stock valued at $16,081,000 after purchasing an additional 41,879 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Colony Bankcorp by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 737,755 shares of the company’s stock worth $14,732,000 after purchasing an additional 14,965 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Colony Bankcorp by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 385,600 shares of the company’s stock worth $6,873,000 after purchasing an additional 3,734 shares in the last quarter. 50.37% of the stock is owned by institutional investors.

Colony Bankcorp Trading Down 1.1%

Shares of Colony Bankcorp stock opened at $21.11 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. Colony Bankcorp, Inc. has a 12-month low of $15.80 and a 12-month high of $22.46. The firm has a market capitalization of $447.95 million, a price-to-earnings ratio of 12.79 and a beta of 0.55. The firm’s 50 day simple moving average is $21.17 and its two-hundred day simple moving average is $20.45.

Colony Bankcorp (NYSE:CBAN) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.52 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $40.90 million. Analysts predict that Colony Bankcorp, Inc. will post 1.92 EPS for the current year.

Colony Bankcorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th were paid a $0.12 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $0.48 dividend on an annualized basis and a yield of 2.3%. Colony Bankcorp’s dividend payout ratio (DPR) is 29.09%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen lowered shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings downgraded shares of Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Finally, Zacks Research upgraded shares of Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $23.00.

Insider Transactions at Colony Bankcorp

In other news, insider Edward G. Canup bought 2,000 shares of Colony Bankcorp stock in a transaction that occurred on Wednesday, August 19th. The stock was bought at an average price of $21.62 per share, for a total transaction of $43,240.00. Following the purchase, the insider directly owned 39,702 shares of the company’s stock, valued at approximately $858,357.24. The trade was a 5.30% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders acquired 7,000 shares of company stock valued at $151,290. Company insiders own 3.92% of the company’s stock.

Colony Bankcorp 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.