Fiduciary Alliance LLC Purchases New Shares in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Fiduciary Alliance LLC acquired a new position in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,823 shares of the financial services provider’s stock, valued at approximately $239,000.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Colony Bankcorp by 137.0% during the third quarter. JPMorgan Chase & Co. now owns 28,103 shares of the financial services provider’s stock worth $436,000 after purchasing an additional 16,246 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Colony Bankcorp by 5.2% during the 3rd 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Colony Bankcorp by 116.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,285 shares of the financial services provider’s stock valued at $579,000 after acquiring an additional 20,031 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of Colony Bankcorp by 40.0% during the third quarter. Ritholtz Wealth Management now owns 37,452 shares of the financial services provider’s stock valued at $581,000 after acquiring an additional 10,699 shares during the last quarter. 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 worth $711,000 after acquiring an additional 7,726 shares during the period. Institutional investors own 50.37% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Colony Bankcorp from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th.

Colony Bankcorp Stock Performance

NASDAQ CBAN opened at $15.15 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81. The company has a market capitalization of $265.53 million, a PE ratio of 12.12 and a beta of 0.62. Colony Bankcorp, Inc. has a 52-week low of $10.33 and a 52-week high of $18.49. The company has a 50-day simple moving average of $16.76 and a 200 day simple moving average of $15.27.

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

Colony Bankcorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders 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 2.96%. Colony Bankcorp’s dividend payout ratio is presently 36.00%.

Colony Bankcorp 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.