Citadel Advisors LLC Purchases 12,497 Shares of Colony Bankcorp, Inc. (NASDAQ:CBAN)

Citadel Advisors LLC boosted its position in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 87.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,753 shares of the financial services provider’s stock after purchasing an additional 12,497 shares during the period. Citadel Advisors LLC owned about 0.15% of Colony Bankcorp worth $432,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CBAN. SG Americas Securities LLC bought a new position in Colony Bankcorp during the 4th quarter worth about $113,000. Empowered Funds LLC grew its holdings in shares of Colony Bankcorp by 4.9% in the 4th quarter. Empowered Funds LLC now owns 37,233 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 1,755 shares in the last quarter. Polaris Capital Management LLC grew its holdings in shares of Colony Bankcorp by 7.0% in the 4th quarter. Polaris Capital Management LLC now owns 133,179 shares of the financial services provider’s stock valued at $2,150,000 after acquiring an additional 8,700 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Colony Bankcorp by 3.5% in the 4th quarter. Bank of New York Mellon Corp now owns 47,185 shares of the financial services provider’s stock valued at $762,000 after acquiring an additional 1,608 shares in the last quarter. Finally, Bailard Inc. bought a new position in shares of Colony Bankcorp in the 4th quarter valued at about $266,000. Institutional investors own 50.37% of the company’s stock.

Insider Activity

In other news, Director Paul E. Joiner III bought 6,150 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was acquired at an average cost of $15.01 per share, for a total transaction of $92,311.50. Following the purchase, the director now owns 6,150 shares of the company’s stock, valued at approximately $92,311.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 6.62% of the stock is owned by corporate insiders.

Colony Bankcorp Price Performance

Shares of NASDAQ CBAN opened at $14.97 on Tuesday. The stock has a market capitalization of $261.07 million, a price-to-earnings ratio of 11.09 and a beta of 0.62. The business has a 50-day moving average of $15.37 and a 200-day moving average of $16.20. 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, Inc. has a fifty-two week low of $11.26 and a fifty-two week high of $18.49.

Colony Bankcorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Wednesday, May 7th. Colony Bankcorp’s payout ratio is 32.17%.

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.