Empowered Funds LLC Grows Stock Position in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Empowered Funds LLC grew its position in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 5.2% during the third quarter, Holdings Channel reports. The institutional investor owned 35,478 shares of the financial services provider’s stock after purchasing an additional 1,742 shares during the quarter. Empowered Funds LLC’s holdings in Colony Bankcorp were worth $551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Colony Bankcorp by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 918,020 shares of the financial services provider’s stock valued at $10,557,000 after purchasing an additional 6,891 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Colony Bankcorp by 8.2% in the second 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 in the last quarter. Renaissance Technologies LLC boosted its position in shares of Colony Bankcorp by 3.6% in the second quarter. Renaissance Technologies LLC now owns 95,078 shares of the financial services provider’s stock valued at $1,165,000 after acquiring an additional 3,300 shares during the period. Bank of New York Mellon Corp grew its stake in Colony Bankcorp by 15.4% during the second quarter. Bank of New York Mellon Corp now owns 58,044 shares of the financial services provider’s stock valued at $711,000 after acquiring an additional 7,726 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in Colony Bankcorp by 19.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 48,782 shares of the financial services provider’s stock worth $598,000 after acquiring an additional 7,885 shares during the period. Institutional investors own 50.37% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Colony Bankcorp Stock Up 2.2 %

Shares of Colony Bankcorp stock opened at $17.57 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. Colony Bankcorp, Inc. has a 12-month low of $10.33 and a 12-month high of $18.03. The company has a market cap of $308.00 million, a P/E ratio of 14.06 and a beta of 0.57. The company’s fifty day simple moving average is $15.77 and its two-hundred day simple moving average is $14.03.

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

Colony Bankcorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Wednesday, November 6th. Colony Bankcorp’s 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.