Hillsdale Investment Management Inc. Has $4.26 Million Stake in Colony Bankcorp, Inc. $CBAN

Hillsdale Investment Management Inc. decreased its position in Colony Bankcorp, Inc. (NYSE:CBAN) by 10.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 239,257 shares of the company’s stock after selling 27,700 shares during the period. Hillsdale Investment Management Inc.’s holdings in Colony Bankcorp were worth $4,264,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CBAN. Hotchkis & Wiley Capital Management LLC acquired a new position in Colony Bankcorp in the third quarter valued at $3,148,000. Segall Bryant & Hamill LLC acquired a new position in Colony Bankcorp in the third quarter valued at $1,583,000. Squarepoint Ops LLC acquired a new position in Colony Bankcorp in the third quarter valued at $1,016,000. Thomasville National Bank acquired a new position in Colony Bankcorp in the fourth quarter valued at $1,015,000. Finally, Allen Mooney & Barnes Investment Advisors LLC acquired a new position in Colony Bankcorp in the fourth quarter valued at $1,006,000. Institutional investors and hedge funds own 50.37% of the company’s stock.

Colony Bankcorp Trading Down 0.1%

NYSE:CBAN opened at $19.79 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.89 and a quick ratio of 0.88. The firm has a 50-day moving average of $20.00 and a 200-day moving average of $19.13. The company has a market cap of $418.65 million, a PE ratio of 12.37 and a beta of 0.56. Colony Bankcorp, Inc. has a one year low of $14.63 and a one year high of $21.61.

Colony Bankcorp (NYSE:CBAN) last posted its earnings results on Wednesday, April 22nd. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $39.90 million during the quarter, compared to the consensus estimate of $42.10 million. Colony Bankcorp had a net margin of 14.83% and a return on equity of 10.23%. As a group, equities research analysts expect that Colony Bankcorp, Inc. will post 1.91 EPS for the current fiscal year.

Colony Bankcorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $0.48 annualized dividend and a dividend yield of 2.4%. Colony Bankcorp’s payout ratio is presently 30.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CBAN shares. Brean Capital upgraded shares of Colony Bankcorp from a “neutral” rating to a “buy” rating in a report on Monday, March 23rd. Hovde Group upped their price objective on shares of Colony Bankcorp from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Wall Street Zen lowered shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Weiss Ratings upgraded shares of Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, May 15th. Finally, Zacks Research lowered shares of Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.00.

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.