Colony Bankcorp (CBAN) to Release Earnings on Wednesday

Colony Bankcorp (NASDAQ:CBAN) will likely be issuing its results after the market closes on Wednesday, January 28th. Analysts expect the company to announce earnings of $0.46 per share and revenue of $36.40 million for the quarter.

Colony Bankcorp Stock Down 1.1%

Shares of CBAN opened at $18.47 on Wednesday. The stock has a market capitalization of $321.94 million, a PE ratio of 13.68 and a beta of 0.66. Colony Bankcorp has a 1 year low of $13.99 and a 1 year high of $18.92. 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’s 50-day simple moving average is $17.66 and its 200-day simple moving average is $17.13.

Hedge Funds Weigh In On Colony Bankcorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in shares of Colony Bankcorp by 153.9% in the first quarter. AQR Capital Management LLC now owns 28,466 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 17,253 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Colony Bankcorp by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 98,128 shares of the financial services provider’s stock worth $1,585,000 after purchasing an additional 9,226 shares in the last quarter. Empowered Funds LLC grew its stake in Colony Bankcorp by 28.8% during the 1st quarter. Empowered Funds LLC now owns 47,942 shares of the financial services provider’s stock worth $774,000 after purchasing an additional 10,709 shares in the last quarter. Jane Street Group LLC increased its holdings in Colony Bankcorp by 46.8% during the 1st quarter. Jane Street Group LLC now owns 41,462 shares of the financial services provider’s stock worth $670,000 after purchasing an additional 13,216 shares during the period. Finally, Geode Capital Management LLC raised its position in 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 valued at $6,060,000 after purchasing an additional 10,798 shares in the last quarter. Hedge funds and other institutional investors own 50.37% of the company’s stock.

Colony Bankcorp Company Profile

Colony Bankcorp is a bank holding company headquartered in Fitzgerald, Georgia, operating through its wholly owned subsidiary Colony Bank. The company offers a full suite of commercial and consumer banking products, including checking and savings accounts, certificates of deposit, and mortgage lending. In addition to traditional deposit and loan services, Colony Bank provides home equity loans, SBA financing, and treasury management solutions tailored to small and medium-sized businesses.

Beyond its core banking offerings, Colony Bankcorp delivers trust and wealth management services through dedicated fiduciary professionals.