Banc Funds Co. LLC Has $9.19 Million Stock Holdings in Colony Bankcorp, Inc. $CBAN

Banc Funds Co. LLC trimmed its stake in shares of Colony Bankcorp, Inc. (NYSE:CBAN) by 13.0% in the third quarter, HoldingsChannel.com reports. The fund owned 540,245 shares of the company’s stock after selling 80,914 shares during the quarter. Colony Bankcorp comprises about 1.6% of Banc Funds Co. LLC’s investment portfolio, making the stock its 19th biggest position. Banc Funds Co. LLC’s holdings in Colony Bankcorp were worth $9,190,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. CWM LLC increased its position in shares of Colony Bankcorp by 29.0% in the third quarter. CWM LLC now owns 3,447 shares of the company’s stock worth $59,000 after purchasing an additional 774 shares during the period. BNP Paribas Financial Markets lifted its position in Colony Bankcorp by 38.4% during the second quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock worth $57,000 after purchasing an additional 969 shares during the period. Russell Investments Group Ltd. grew its stake in Colony Bankcorp by 83.0% during the third quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock worth $61,000 after buying an additional 1,630 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Colony Bankcorp by 211.2% during the second quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the company’s stock worth $110,000 after buying an additional 4,534 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in Colony Bankcorp in the 2nd quarter valued at about $203,000. 50.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CBAN has been the subject of several analyst reports. Zacks Research upgraded shares of Colony Bankcorp to a “hold” rating in a research report on Friday, February 6th. Hovde Group increased their price target on shares of Colony Bankcorp from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Colony Bankcorp in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Colony Bankcorp currently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Colony Bankcorp Price Performance

Shares of CBAN stock opened at $19.35 on Friday. The business has a fifty day simple moving average of $19.55 and a 200 day simple moving average of $17.95. The company has a market cap of $411.29 million, a P/E ratio of 12.17 and a beta of 0.64. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.82. Colony Bankcorp, Inc. has a twelve month low of $13.99 and a twelve month high of $21.46.

Colony Bankcorp (NYSE:CBAN) last released its earnings results on Wednesday, January 28th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 10.78% and a net margin of 14.85%.

Colony Bankcorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, February 11th. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.12. Colony Bankcorp’s dividend payout ratio is 30.19%.

Colony Bankcorp Profile

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.