53,492 Shares in Colony Bankcorp, Inc. $CBAN Acquired by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. purchased a new position in Colony Bankcorp, Inc. (NYSE:CBAN) in the first quarter, HoldingsChannel.com reports. The firm purchased 53,492 shares of the company’s stock, valued at approximately $1,068,000.

Other hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Colony Bankcorp in the third quarter valued at $44,000. BNP Paribas Financial Markets lifted its holdings in Colony Bankcorp by 38.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock worth $57,000 after buying an additional 969 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Colony Bankcorp by 83.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock valued at $61,000 after buying an additional 1,630 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake 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 valued at $80,000 after acquiring an additional 1,494 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Colony Bankcorp during the first quarter valued at about $106,000. Hedge funds and other institutional investors own 50.37% of the company’s stock.

Analyst Upgrades and Downgrades

CBAN has been the subject of a number of analyst reports. Zacks Research downgraded Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Brean Capital raised Colony Bankcorp from a “neutral” rating to a “buy” rating in a research report on Monday, March 23rd. Wall Street Zen cut Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Weiss Ratings raised shares of Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, May 15th. Finally, Hovde Group upped their price target on shares of Colony Bankcorp from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Colony Bankcorp Stock Down 1.1%

Shares of Colony Bankcorp stock opened at $20.18 on Wednesday. The business has a 50-day moving average price of $20.07 and a 200 day moving average price of $19.74. Colony Bankcorp, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $21.61. The firm has a market cap of $426.92 million, a P/E ratio of 12.61 and a beta of 0.56. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.68.

Colony Bankcorp (NYSE:CBAN) last issued its earnings results on Wednesday, April 22nd. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. Colony Bankcorp had a return on equity of 10.23% and a net margin of 14.83%.The company had revenue of $39.90 million during the quarter, compared to analyst estimates of $42.10 million. On average, sell-side analysts forecast that Colony Bankcorp, Inc. will post 1.91 earnings per share for the current fiscal year.

Colony Bankcorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, May 6th. This represents a $0.48 annualized dividend and a yield of 2.4%. Colony Bankcorp’s dividend payout ratio is 30.00%.

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.