Martingale Asset Management L P Increases Stake in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Martingale Asset Management L P raised its holdings in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 38.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,490 shares of the financial services provider’s stock after acquiring an additional 13,119 shares during the quarter. Martingale Asset Management L P owned approximately 0.27% of Colony Bankcorp worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Colony Bankcorp by 0.8% during the first quarter. Vanguard Group Inc. now owns 918,020 shares of the financial services provider’s stock valued at $10,557,000 after purchasing an additional 6,891 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Colony Bankcorp by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 508,394 shares of the financial services provider’s stock valued at $6,228,000 after acquiring an additional 38,457 shares during the period. Renaissance Technologies LLC increased its holdings in Colony Bankcorp by 3.6% in the 2nd quarter. Renaissance Technologies LLC now owns 95,078 shares of the financial services provider’s stock worth $1,165,000 after acquiring an additional 3,300 shares in the last quarter. De Lisle Partners LLP raised its stake in Colony Bankcorp by 105.8% during the 3rd quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider’s stock worth $1,058,000 after acquiring an additional 35,000 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Colony Bankcorp by 15.4% during the second quarter. Bank of New York Mellon Corp now owns 58,044 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 7,726 shares in the last quarter. Institutional investors own 50.37% of the company’s stock.

Colony Bankcorp Price Performance

NASDAQ:CBAN opened at $17.73 on Tuesday. The business’s 50-day simple moving average is $15.98 and its two-hundred day simple moving average is $14.25. Colony Bankcorp, Inc. has a 52 week low of $10.33 and a 52 week high of $18.49. The stock has a market cap of $310.81 million, a PE ratio of 14.18 and a beta of 0.57. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90.

Colony Bankcorp (NASDAQ:CBAN) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $28.67 million. During the same quarter last year, the company earned $0.34 EPS. As a group, analysts forecast that Colony Bankcorp, Inc. will post 1.38 EPS for the current fiscal year.

Colony Bankcorp Announces Dividend

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

Wall Street Analyst Weigh In

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

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.