Rothschild Investment LLC Invests $139,000 in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Rothschild Investment LLC bought a new stake in Colony Bankcorp, Inc. (NASDAQ:CBAN) during the second quarter, according to its most recent filing with the SEC. The firm bought 11,356 shares of the financial services provider’s stock, valued at approximately $139,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBAN. Empowered Funds LLC boosted its holdings in Colony Bankcorp by 7.8% during the first quarter. Empowered Funds LLC now owns 31,396 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 2,275 shares during the period. Hillsdale Investment Management Inc. lifted its position in shares of Colony Bankcorp by 8.9% during the 1st quarter. Hillsdale Investment Management Inc. now owns 56,057 shares of the financial services provider’s stock worth $645,000 after purchasing an additional 4,600 shares during the last quarter. Trexquant Investment LP boosted its stake in Colony Bankcorp by 31.1% during the 4th quarter. Trexquant Investment LP now owns 27,777 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 6,586 shares during the period. New York State Common Retirement Fund grew its holdings in Colony Bankcorp by 725.7% in the 4th quarter. New York State Common Retirement Fund now owns 7,737 shares of the financial services provider’s stock valued at $103,000 after buying an additional 6,800 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Colony Bankcorp by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 918,020 shares of the financial services provider’s stock worth $10,557,000 after buying an additional 6,891 shares during the period. 50.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Colony Bankcorp from a “hold” rating to a “buy” rating in a research report on Wednesday, May 29th.

Colony Bankcorp Price Performance

Shares of Colony Bankcorp stock opened at $14.94 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.80 and a quick ratio of 0.78. The company has a market cap of $262.33 million, a PE ratio of 11.95 and a beta of 0.58. The firm has a fifty day moving average price of $13.70 and a two-hundred day moving average price of $12.14. Colony Bankcorp, Inc. has a fifty-two week low of $9.35 and a fifty-two week high of $15.80.

Colony Bankcorp (NASDAQ:CBAN) last released its earnings results on Wednesday, July 24th. The financial services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Colony Bankcorp had a net margin of 13.03% and a return on equity of 9.09%. The business had revenue of $42.83 million during the quarter, compared to analysts’ expectations of $28.97 million. During the same quarter last year, the company earned $0.33 earnings per share. Analysts expect that Colony Bankcorp, Inc. will post 1.33 EPS for the current year.

Colony Bankcorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a $0.112 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.00%. Colony Bankcorp’s dividend payout ratio is currently 36.00%.

About Colony Bankcorp

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.