Allen Mooney & Barnes Investment Advisors LLC Makes New Investment in Colony Bankcorp, Inc. $CBAN

Allen Mooney & Barnes Investment Advisors LLC bought a new stake in shares of Colony Bankcorp, Inc. (NYSE:CBAN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 56,426 shares of the company’s stock, valued at approximately $1,006,000. Allen Mooney & Barnes Investment Advisors LLC owned about 0.32% of Colony Bankcorp at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC increased its position in shares of Colony Bankcorp by 153.9% during the 1st quarter. AQR Capital Management LLC now owns 28,466 shares of the company’s stock valued at $460,000 after purchasing an additional 17,253 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Colony Bankcorp by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 98,128 shares of the company’s stock valued at $1,585,000 after purchasing an additional 9,226 shares in the last quarter. Empowered Funds LLC lifted its holdings in Colony Bankcorp by 28.8% during the first quarter. Empowered Funds LLC now owns 47,942 shares of the company’s stock valued at $774,000 after purchasing an additional 10,709 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Colony Bankcorp by 46.8% in the first quarter. Jane Street Group LLC now owns 41,462 shares of the company’s stock worth $670,000 after purchasing an additional 13,216 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Colony Bankcorp by 3.0% in the second quarter. Geode Capital Management LLC now owns 367,897 shares of the company’s stock worth $6,060,000 after purchasing an additional 10,798 shares in the last quarter. 50.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CBAN. Brean Capital upgraded Colony Bankcorp from a “neutral” rating to a “buy” rating in a research report on Monday, March 23rd. Hovde Group upped their price target on Colony Bankcorp from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Wall Street Zen lowered shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Zacks Research upgraded shares of Colony Bankcorp to a “hold” rating in a research report on Friday, February 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Colony Bankcorp in a report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.00.

Colony Bankcorp Trading Down 0.1%

Shares of NYSE CBAN opened at $20.09 on Monday. Colony Bankcorp, Inc. has a twelve month low of $13.99 and a twelve month high of $21.46. The firm has a market cap of $425.24 million, a PE ratio of 12.63 and a beta of 0.61. The business has a fifty day simple moving average of $19.91 and a two-hundred day simple moving average of $18.22. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.69.

Colony Bankcorp (NYSE:CBAN) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $27.27 million for the quarter. Colony Bankcorp had a return on equity of 10.08% and a net margin of 14.85%.

Colony Bankcorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.4%. This is a boost from Colony Bankcorp’s previous quarterly dividend of $0.12. The ex-dividend date was Wednesday, February 11th. Colony Bankcorp’s dividend payout ratio (DPR) is 30.19%.

About Colony Bankcorp

Colony Bankcorp, Inc is a bank holding company headquartered in Baxley, Georgia, that operates through its primary subsidiary, The Colony Bank. The company’s core focus is on delivering community banking services tailored to individuals, small businesses and agricultural customers throughout Georgia and Florida. Colony Bankcorp’s structure supports a full suite of deposit and lending solutions designed to meet the needs of local markets.

The company offers a range of deposit products, including personal and business checking accounts, savings and money market accounts, and certificates of deposit.