8,961 Shares in Colony Bankcorp, Inc. (NASDAQ:CBAN) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) in the 4th quarter, HoldingsChannel.com reports. The fund bought 8,961 shares of the financial services provider’s stock, valued at approximately $119,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its stake in Colony Bankcorp by 23.3% during the third quarter. Hsbc Holdings PLC now owns 20,660 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 3,903 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Colony Bankcorp by 5.3% during the third quarter. Pacific Ridge Capital Partners LLC now owns 515,943 shares of the financial services provider’s stock worth $5,157,000 after acquiring an additional 26,030 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in Colony Bankcorp during the third quarter worth $133,000. Allspring Global Investments Holdings LLC acquired a new stake in Colony Bankcorp during the third quarter worth $192,000. Finally, American International Group Inc. acquired a new stake in Colony Bankcorp during the second quarter worth $116,000. Institutional investors and hedge funds own 50.37% of the company’s stock.

Colony Bankcorp Trading Down 0.8 %

Shares of NASDAQ CBAN opened at $10.45 on Friday. Colony Bankcorp, Inc. has a twelve month low of $8.59 and a twelve month high of $13.58. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $11.07 and a 200-day simple moving average of $11.29. The stock has a market capitalization of $183.50 million, a PE ratio of 8.43 and a beta of 0.53.

Colony Bankcorp (NASDAQ:CBAN) last issued its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.31 earnings per share for the quarter. Colony Bankcorp had a return on equity of 9.32% and a net margin of 13.55%. The business had revenue of $28.18 million during the quarter.

Colony Bankcorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were paid a $0.112 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This is a boost from Colony Bankcorp’s previous quarterly dividend of $0.11. This represents a $0.45 dividend on an annualized basis and a dividend yield of 4.29%. Colony Bankcorp’s payout ratio is presently 36.29%.

Analyst Ratings Changes

Separately, StockNews.com cut Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th.

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.