Globeflex Capital L P Takes $885,000 Position in Colony Bankcorp, Inc. $CBAN

Globeflex Capital L P bought a new position in Colony Bankcorp, Inc. (NYSE:CBAN) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 44,075 shares of the company’s stock, valued at approximately $885,000.

Other large investors have also recently added to or reduced their stakes in the company. Man Group plc grew its holdings in Colony Bankcorp by 4.9% during the fourth quarter. Man Group plc now owns 18,793 shares of the company’s stock valued at $335,000 after purchasing an additional 874 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Colony Bankcorp by 38.4% in the second quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock worth $57,000 after buying an additional 969 shares during the last quarter. PNC Financial Services Group Inc. lifted 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 buying an additional 1,146 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Colony Bankcorp by 4.9% during the 2nd quarter. Hsbc Holdings PLC now owns 29,374 shares of the company’s stock worth $484,000 after buying an additional 1,374 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Colony Bankcorp by 49.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock worth $80,000 after buying an additional 1,494 shares during the period. Institutional investors own 50.37% of the company’s stock.

Insider Activity at Colony Bankcorp

In other news, insider Edward G. Canup bought 2,000 shares of Colony Bankcorp stock in a transaction that occurred on Wednesday, August 19th. The stock was 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 directly owned 39,702 shares in the company, valued at $858,357.24. This trade represents a 5.30% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired 6,000 shares of company stock valued at $130,090 in the last three months. Corporate insiders own 3.92% of the company’s stock.

Wall Street Analysts Forecast Growth

CBAN has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings cut Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Finally, Zacks Research raised shares of Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $23.00.

Colony Bankcorp Trading Down 0.7%

Shares of CBAN opened at $21.33 on Tuesday. Colony Bankcorp, Inc. has a 12-month low of $15.80 and a 12-month high of $22.46. 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 firm has a market capitalization of $452.64 million, a price-to-earnings ratio of 12.93 and a beta of 0.55. The stock’s 50-day moving average price is $21.11 and its 200 day moving average price is $20.44.

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. Colony Bankcorp had a return on equity of 10.40% and a net margin of 15.42%.The company had revenue of $42.03 million during the quarter, compared to the consensus estimate of $40.90 million. As a group, research analysts predict that Colony Bankcorp, Inc. will post 1.92 earnings per share for the current year.

Colony Bankcorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, August 5th. Colony Bankcorp’s dividend payout ratio is presently 29.09%.

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.