Globeflex Capital L P purchased a new stake in shares of Colony Bankcorp, Inc. (NYSE:CBAN – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 44,075 shares of the company’s stock, valued at approximately $885,000. Globeflex Capital L P owned 0.21% of Colony Bankcorp at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in Colony Bankcorp during the 3rd quarter valued at about $44,000. BNP Paribas Financial Markets lifted 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 worth $57,000 after purchasing an additional 969 shares in the last quarter. Russell Investments Group Ltd. lifted its position 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 worth $61,000 after purchasing an additional 1,630 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Colony Bankcorp during the first quarter worth approximately $89,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Colony Bankcorp by 49.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock worth $80,000 after purchasing an additional 1,494 shares during the period. 50.37% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Colony Bankcorp
In other Colony Bankcorp news, insider Edward G. Canup purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were 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 in the company, valued at $858,357.24. This trade represents a 5.30% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have acquired 6,000 shares of company stock worth $130,090. Corporate insiders own 3.92% of the company’s stock.
Colony Bankcorp Stock Down 0.7%
Colony Bankcorp (NYSE:CBAN – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $42.03 million during the quarter, compared to analysts’ expectations of $40.90 million. Colony Bankcorp had a return on equity of 10.40% and a net margin of 15.42%. Equities research analysts forecast that Colony Bankcorp, Inc. will post 1.92 EPS for the current fiscal year.
Colony Bankcorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 5th. Colony Bankcorp’s payout ratio is currently 29.09%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on CBAN shares. Weiss Ratings lowered shares of Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Zacks Research raised shares of Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen cut shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $23.00.
View Our Latest Research Report on CBAN
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.
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