Martingale Asset Management L P Grows Stock Holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Martingale Asset Management L P grew its holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN) by 38.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 47,490 shares of the financial services provider’s stock after acquiring an additional 13,119 shares during the period. Martingale Asset Management L P’s holdings in Colony Bankcorp were worth $737,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CBAN. Rothschild Investment LLC bought a new stake in Colony Bankcorp during the second quarter worth approximately $139,000. Ritholtz Wealth Management raised its holdings in Colony Bankcorp by 8.9% during the 2nd quarter. Ritholtz Wealth Management now owns 26,753 shares of the financial services provider’s stock valued at $328,000 after buying an additional 2,193 shares during the period. Empowered Funds LLC lifted its position in Colony Bankcorp by 5.2% in the third quarter. Empowered Funds LLC now owns 35,478 shares of the financial services provider’s stock worth $551,000 after buying an additional 1,742 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Colony Bankcorp by 116.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,285 shares of the financial services provider’s stock worth $579,000 after buying an additional 20,031 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Colony Bankcorp by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider’s stock valued at $721,000 after acquiring an additional 1,500 shares during the last quarter. 50.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Thursday, November 28th.

Colony Bankcorp Stock Up 0.6 %

Shares of NASDAQ:CBAN opened at $17.73 on Tuesday. The firm has a market capitalization of $310.81 million, a PE ratio of 14.18 and a beta of 0.57. The business has a 50 day simple moving average of $15.98 and a two-hundred day simple moving average of $14.25. Colony Bankcorp, Inc. has a 1 year low of $10.33 and a 1 year high of $18.49. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80.

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

Colony Bankcorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a $0.112 dividend. This represents a $0.45 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Wednesday, November 6th. Colony Bankcorp’s dividend payout ratio is presently 36.00%.

Colony Bankcorp Company 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.