Bailard Inc. Acquires 14,100 Shares of Colony Bankcorp, Inc. $CBAN

Bailard Inc. boosted its stake in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 83.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,903 shares of the financial services provider’s stock after acquiring an additional 14,100 shares during the quarter. Bailard Inc. owned about 0.18% of Colony Bankcorp worth $509,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Colony Bankcorp by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 367,897 shares of the financial services provider’s stock worth $6,060,000 after purchasing an additional 10,798 shares during the period. American Century Companies Inc. lifted its position in Colony Bankcorp by 60.7% in the first quarter. American Century Companies Inc. now owns 156,556 shares of the financial services provider’s stock worth $2,528,000 after buying an additional 59,128 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Colony Bankcorp by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 98,128 shares of the financial services provider’s stock worth $1,585,000 after buying an additional 9,226 shares during the period. Trexquant Investment LP increased its position in Colony Bankcorp by 35.2% during the first quarter. Trexquant Investment LP now owns 93,387 shares of the financial services provider’s stock valued at $1,508,000 after acquiring an additional 24,320 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Colony Bankcorp by 175.6% during the first quarter. Mackenzie Financial Corp now owns 81,469 shares of the financial services provider’s stock valued at $1,316,000 after acquiring an additional 51,912 shares during the last quarter. 50.37% of the stock is currently owned by hedge funds and other institutional investors.

Colony Bankcorp Stock Performance

CBAN stock opened at $16.51 on Friday. Colony Bankcorp, Inc. has a twelve month low of $13.99 and a twelve month high of $18.49. The firm has a market cap of $287.85 million, a price-to-earnings ratio of 12.23 and a beta of 0.72. The business’s fifty day simple moving average is $16.77 and its two-hundred day simple moving average is $16.46. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, November 5th will be issued a dividend of $0.115 per share. The ex-dividend date is Wednesday, November 5th. This represents a $0.46 dividend on an annualized basis and a yield of 2.8%. Colony Bankcorp’s dividend payout ratio (DPR) is presently 28.93%.

Wall Street Analysts Forecast Growth

Separately, Hovde Group lifted their price target on shares of Colony Bankcorp from $19.50 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $21.00.

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.