Jane Street Group LLC Sells 2,113 Shares of Colony Bankcorp, Inc. (NASDAQ:CBAN)

Jane Street Group LLC trimmed its position in Colony Bankcorp, Inc. (NASDAQ:CBAN) by 10.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,010 shares of the financial services provider’s stock after selling 2,113 shares during the quarter. Jane Street Group LLC’s holdings in Colony Bankcorp were worth $295,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC increased its stake in Colony Bankcorp by 5.2% during the third quarter. Empowered Funds LLC now owns 35,478 shares of the financial services provider’s stock worth $551,000 after acquiring an additional 1,742 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Colony Bankcorp by 116.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,285 shares of the financial services provider’s stock worth $579,000 after acquiring an additional 20,031 shares during the last quarter. Ritholtz Wealth Management increased its stake in Colony Bankcorp by 40.0% during the third quarter. Ritholtz Wealth Management now owns 37,452 shares of the financial services provider’s stock worth $581,000 after acquiring an additional 10,699 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Colony Bankcorp by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider’s stock worth $721,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Martingale Asset Management L P increased its stake in Colony Bankcorp by 38.2% during the third quarter. Martingale Asset Management L P now owns 47,490 shares of the financial services provider’s stock worth $737,000 after acquiring an additional 13,119 shares during the last quarter. 50.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Colony Bankcorp from a “hold” rating to a “buy” rating in a research note on Thursday.

Colony Bankcorp Trading Down 4.6 %

CBAN opened at $14.66 on Friday. The stock has a market cap of $256.95 million, a price-to-earnings ratio of 11.73 and a beta of 0.62. The stock’s 50 day moving average price is $16.78 and its 200-day moving average price is $15.19. Colony Bankcorp, Inc. has a one year low of $10.33 and a one year high of $18.49. 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 (NASDAQ:CBAN) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $44.69 million for the quarter, compared to analysts’ expectations of $28.67 million. Colony Bankcorp had a return on equity of 8.86% and a net margin of 12.75%. During the same quarter in the prior year, the firm posted $0.34 earnings per share. On average, equities analysts forecast that Colony Bankcorp, Inc. will post 1.38 EPS for the current year.

Colony Bankcorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.112 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.06%. Colony Bankcorp’s dividend payout ratio is 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.