78,113 Shares in Colony Bankcorp, Inc. $CBAN Acquired by Empowered Funds LLC

Empowered Funds LLC acquired a new stake in shares of Colony Bankcorp, Inc. (NYSE:CBAN) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 78,113 shares of the company’s stock, valued at approximately $1,569,000.

Several other large investors have also recently bought and sold shares of CBAN. BlackRock Inc. acquired a new stake in Colony Bankcorp in the second quarter worth $46,935,000. Fourthstone LLC grew its holdings in shares of Colony Bankcorp by 165.9% in the 4th quarter. Fourthstone LLC now owns 1,711,213 shares of the company’s stock valued at $30,494,000 after buying an additional 1,067,540 shares during the period. Vanguard Group Inc. increased its position in shares of Colony Bankcorp by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 945,386 shares of the company’s stock valued at $16,081,000 after buying an additional 41,879 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Colony Bankcorp by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 737,755 shares of the company’s stock valued at $14,732,000 after buying an additional 14,965 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Colony Bankcorp by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 385,600 shares of the company’s stock valued at $6,873,000 after buying an additional 3,734 shares in the last quarter. Institutional investors own 50.37% of the company’s stock.

Colony Bankcorp Stock Performance

Shares of Colony Bankcorp stock opened at $21.49 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $456.02 million, a price-to-earnings ratio of 13.02 and a beta of 0.54. The stock’s 50-day moving average is $21.21 and its 200-day moving average is $20.47. Colony Bankcorp, Inc. has a one year low of $15.80 and a one year high of $22.46.

Colony Bankcorp (NYSE:CBAN) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $42.03 million for the quarter, compared to analyst estimates of $40.90 million. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%. Equities analysts predict that Colony Bankcorp, Inc. will post 1.92 earnings per share for the current fiscal year.

Colony Bankcorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, August 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.2%. Colony Bankcorp’s dividend payout ratio is currently 29.09%.

Insider Activity at Colony Bankcorp

In other news, insider Edward Canup purchased 2,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were purchased at an average cost of $21.62 per share, with a total value of $43,240.00. Following the completion of the transaction, the insider owned 39,702 shares of the company’s stock, valued at $858,357.24. The trade was a 5.30% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders purchased 7,000 shares of company stock valued at $151,290. Corporate insiders own 3.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.