Colony Bankcorp, Inc. (NASDAQ:CBAN) Stock Holdings Increased by State Street Corp

State Street Corp grew its position in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 253,507 shares of the financial services provider’s stock after buying an additional 17,865 shares during the period. State Street Corp’s holdings in Colony Bankcorp were worth $3,934,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in Colony Bankcorp by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider’s stock valued at $721,000 after purchasing an additional 1,500 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Colony Bankcorp by 5.2% during the third quarter. Empowered Funds LLC now owns 35,478 shares of the financial services provider’s stock valued at $551,000 after buying an additional 1,742 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Colony Bankcorp by 8.9% in the 2nd quarter. Ritholtz Wealth Management now owns 26,753 shares of the financial services provider’s stock worth $328,000 after buying an additional 2,193 shares in the last quarter. Renaissance Technologies LLC raised its stake in Colony Bankcorp by 3.6% during the 2nd quarter. Renaissance Technologies LLC now owns 95,078 shares of the financial services provider’s stock valued at $1,165,000 after acquiring an additional 3,300 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Colony Bankcorp by 15.4% in the second quarter. Bank of New York Mellon Corp now owns 58,044 shares of the financial services provider’s stock worth $711,000 after purchasing an additional 7,726 shares in the last quarter. Institutional investors and hedge funds own 50.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Colony Bankcorp Trading Up 0.1 %

Shares of Colony Bankcorp stock opened at $16.27 on Tuesday. The business has a fifty day simple moving average of $16.67 and a 200-day simple moving average of $14.97. Colony Bankcorp, Inc. has a fifty-two week low of $10.33 and a fifty-two week high of $18.49. The firm has a market cap of $285.16 million, a price-to-earnings ratio of 13.02 and a beta of 0.61. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90.

Colony Bankcorp (NASDAQ:CBAN) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $44.69 million for the quarter, compared to the consensus estimate of $28.67 million. Colony Bankcorp had a net margin of 12.75% and a return on equity of 8.86%. During the same period in the previous year, the firm earned $0.34 EPS. On average, equities analysts forecast that Colony Bankcorp, Inc. will post 1.38 EPS for the current fiscal year.

Colony Bankcorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.112 per share. This represents a $0.45 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Wednesday, November 6th. Colony Bankcorp’s dividend payout ratio is presently 36.00%.

Colony Bankcorp Profile

Colony Bankcorp, Inc operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and consumer customers. The company offers deposit products, including demand, savings, and time deposits. It also provides loans to small and medium-sized businesses; residential and commercial construction, and land development loans; commercial real estate loans; commercial loans; agri-business and production loans; residential mortgage loans; home equity loans; and consumer loans.