Barclays PLC Buys 18,048 Shares of Colony Bankcorp, Inc. (NASDAQ:CBAN)

Barclays PLC raised its stake in Colony Bankcorp, Inc. (NASDAQ:CBAN) by 49.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,484 shares of the financial services provider’s stock after buying an additional 18,048 shares during the period. Barclays PLC’s holdings in Colony Bankcorp were worth $845,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Colony Bankcorp by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 508,394 shares of the financial services provider’s stock worth $6,228,000 after buying an additional 38,457 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Colony Bankcorp by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 363,547 shares of the financial services provider’s stock worth $5,643,000 after buying an additional 7,740 shares during the last quarter. State Street Corp increased its holdings in shares of Colony Bankcorp by 7.6% in the 3rd quarter. State Street Corp now owns 253,507 shares of the financial services provider’s stock worth $3,934,000 after buying an additional 17,865 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Colony Bankcorp by 3.6% in the 2nd quarter. Renaissance Technologies LLC now owns 95,078 shares of the financial services provider’s stock worth $1,165,000 after buying an additional 3,300 shares during the last quarter. Finally, De Lisle Partners LLP grew its holdings in shares of Colony Bankcorp by 105.8% during the 3rd quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 35,000 shares during the last quarter. Institutional investors own 50.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Thursday, January 9th.

Colony Bankcorp Price Performance

CBAN stock opened at $15.62 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81. Colony Bankcorp, Inc. has a 52 week low of $10.33 and a 52 week high of $18.49. The firm’s fifty day moving average is $16.75 and its 200 day moving average is $15.29. The firm has a market cap of $273.77 million, a P/E ratio of 12.50 and a beta of 0.62.

Colony Bankcorp (NASDAQ:CBAN) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Colony Bankcorp had a net margin of 12.75% and a return on equity of 8.86%. The company had revenue of $44.69 million for the quarter, compared to analyst estimates of $28.67 million. During the same quarter last year, the firm earned $0.34 EPS. Research analysts predict that Colony Bankcorp, Inc. will post 1.38 earnings per share for the current year.

Colony Bankcorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a $0.112 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Wednesday, November 6th. Colony Bankcorp’s dividend payout ratio (DPR) is presently 36.00%.

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.