Barclays PLC Purchases 3,862 Shares of Colony Bankcorp, Inc. (NASDAQ:CBAN)

Barclays PLC boosted its stake in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 10.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,101 shares of the financial services provider’s stock after acquiring an additional 3,862 shares during the quarter. Barclays PLC owned 0.23% of Colony Bankcorp worth $408,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Banc Funds Co. LLC raised its stake in Colony Bankcorp by 18.1% during the fourth quarter. Banc Funds Co. LLC now owns 1,105,072 shares of the financial services provider’s stock worth $14,023,000 after acquiring an additional 169,000 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Colony Bankcorp during the second quarter worth $218,000. Occudo Quantitative Strategies LP acquired a new position in Colony Bankcorp during the second quarter worth $218,000. JPMorgan Chase & Co. raised its stake in Colony Bankcorp by 5.3% during the fourth quarter. JPMorgan Chase & Co. now owns 15,745 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 796 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in Colony Bankcorp during the fourth quarter worth $183,000. 49.71% of the stock is currently owned by institutional investors and hedge funds.

Colony Bankcorp Stock Performance

Shares of NASDAQ:CBAN opened at $10.46 on Wednesday. The business has a fifty day moving average of $10.15 and a 200-day moving average of $10.24. The firm has a market cap of $183.78 million, a PE ratio of 8.72 and a beta of 0.59. Colony Bankcorp, Inc. has a twelve month low of $8.59 and a twelve month high of $14.49. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.75 and a current ratio of 0.76.

Colony Bankcorp (NASDAQ:CBAN) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. Colony Bankcorp had a return on equity of 9.44% and a net margin of 14.93%. The firm had revenue of $28.13 million for the quarter, compared to analysts’ expectations of $29.69 million. On average, equities research analysts predict that Colony Bankcorp, Inc. will post 1.31 EPS for the current fiscal year.

Colony Bankcorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Tuesday, August 8th. Colony Bankcorp’s dividend payout ratio (DPR) is presently 36.67%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Colony Bankcorp in a research note on Thursday, August 17th. They set a “hold” rating for the company.

About Colony Bankcorp

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.