Colony Bankcorp, Inc. (NASDAQ:CBAN) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Colony Bankcorp, Inc. (NASDAQ:CBAN) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 363,547 shares of the financial services provider’s stock after buying an additional 7,740 shares during the period. Geode Capital Management LLC’s holdings in Colony Bankcorp were worth $5,643,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CBAN. De Lisle Partners LLP increased its position in shares of Colony Bankcorp by 105.8% during the third quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider’s stock worth $1,058,000 after purchasing an additional 35,000 shares in the last quarter. Barclays PLC grew its holdings in shares of Colony Bankcorp by 49.5% during the third quarter. Barclays PLC now owns 54,484 shares of the financial services provider’s stock worth $845,000 after buying an additional 18,048 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Colony Bankcorp by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider’s stock worth $721,000 after buying an additional 1,500 shares in the last quarter. State Street Corp boosted its position in Colony Bankcorp by 7.6% during the third quarter. State Street Corp now owns 253,507 shares of the financial services provider’s stock worth $3,934,000 after acquiring an additional 17,865 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Colony Bankcorp by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 508,394 shares of the financial services provider’s stock valued at $6,228,000 after acquiring an additional 38,457 shares in the last quarter. 50.37% of the stock is currently owned by hedge funds and other institutional investors.

Colony Bankcorp Stock Down 0.4 %

CBAN stock opened at $15.75 on Friday. Colony Bankcorp, Inc. has a one year low of $10.33 and a one year high of $18.49. The firm has a market cap of $276.05 million, a PE ratio of 12.60 and a beta of 0.62. The firm’s 50 day moving average price is $16.76 and its 200-day moving average price is $15.10. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $44.69 million for the quarter, compared to analyst estimates of $28.67 million. Colony Bankcorp had a return on equity of 8.86% and a net margin of 12.75%. During the same quarter in the prior year, the company posted $0.34 EPS. On average, equities research analysts anticipate that Colony Bankcorp, Inc. will post 1.38 EPS for the current year.

Colony Bankcorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were given a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Wednesday, November 6th. Colony Bankcorp’s dividend payout ratio is presently 36.00%.

Analyst Ratings Changes

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

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.