Colony Bankcorp, Inc. $CBAN Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in Colony Bankcorp, Inc. (NYSE:CBAN) by 67.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,827 shares of the company’s stock after purchasing an additional 26,031 shares during the quarter. Quantinno Capital Management LP owned 0.31% of Colony Bankcorp worth $1,295,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Man Group plc increased its stake in Colony Bankcorp by 4.9% during the 4th quarter. Man Group plc now owns 18,793 shares of the company’s stock worth $335,000 after buying an additional 874 shares during the period. BNP Paribas Financial Markets boosted its position in Colony Bankcorp by 38.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock valued at $57,000 after buying an additional 969 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Colony Bankcorp by 15.2% in the first quarter. PNC Financial Services Group Inc. now owns 8,694 shares of the company’s stock worth $174,000 after acquiring an additional 1,146 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Colony Bankcorp by 4.9% in the second quarter. Hsbc Holdings PLC now owns 29,374 shares of the company’s stock worth $484,000 after acquiring an additional 1,374 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Colony Bankcorp by 49.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock worth $80,000 after acquiring an additional 1,494 shares in the last quarter. Institutional investors and hedge funds own 50.37% of the company’s stock.

Insiders Place Their Bets

In other Colony Bankcorp news, insider Edward G. Canup purchased 2,000 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was bought at an average cost of $21.80 per share, with a total value of $43,600.00. Following the acquisition, the insider directly owned 36,702 shares of the company’s stock, valued at approximately $800,103.60. This represents a 5.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Weiss Ratings cut Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday. Wall Street Zen cut Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Hovde Group upped their price target on Colony Bankcorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Zacks Research raised Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $23.00.

Colony Bankcorp Trading Up 0.1%

NYSE CBAN opened at $22.22 on Friday. Colony Bankcorp, Inc. has a 52 week low of $15.80 and a 52 week high of $22.46. The firm has a 50 day moving average of $21.01 and a two-hundred day moving average of $20.34. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $471.59 million, a PE ratio of 13.47 and a beta of 0.55.

Colony Bankcorp (NYSE:CBAN) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.52 earnings per share for the quarter, beating 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%. As a group, research analysts expect that Colony Bankcorp, Inc. will post 1.92 EPS for the current fiscal year.

Colony Bankcorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, August 5th. This represents a $0.48 dividend on an annualized basis and a yield of 2.2%. Colony Bankcorp’s dividend payout ratio (DPR) is currently 29.09%.

Colony Bankcorp 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.