De Lisle Partners LLP Takes Position in Colony Bankcorp, Inc. $CBAN

De Lisle Partners LLP bought a new position in shares of Colony Bankcorp, Inc. (NYSE:CBAN) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 46,556 shares of the company’s stock, valued at approximately $935,000.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Colony Bankcorp in the second quarter worth $46,935,000. Fourthstone LLC raised its holdings in Colony Bankcorp by 165.9% in the fourth quarter. Fourthstone LLC now owns 1,711,213 shares of the company’s stock valued at $30,494,000 after acquiring an additional 1,067,540 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Colony Bankcorp in the third quarter worth approximately $3,148,000. Bank of New York Mellon Corp acquired a new position in Colony Bankcorp during the 2nd quarter worth approximately $1,343,000. Finally, Squarepoint Ops LLC acquired a new position in Colony Bankcorp during the 3rd quarter worth approximately $1,016,000. 50.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Colony Bankcorp

In other news, insider Edward G. Canup bought 2,000 shares of Colony Bankcorp stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average cost of $21.62 per share, with a total value of $43,240.00. Following the acquisition, the insider owned 39,702 shares of the company’s stock, valued at approximately $858,357.24. This trade represents a 5.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought a total of 6,000 shares of company stock worth $130,090 in the last 90 days. 3.92% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings lowered Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, Zacks Research upgraded Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $23.00.

Colony Bankcorp Stock Performance

Shares of CBAN opened at $21.47 on Monday. The company has a market capitalization of $455.61 million, a price-to-earnings ratio of 13.01 and a beta of 0.55. Colony Bankcorp, Inc. has a 52-week low of $15.80 and a 52-week high of $22.46. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average price of $21.10 and a 200 day moving average price of $20.44.

Colony Bankcorp (NYSE:CBAN) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%. The business had revenue of $42.03 million during the quarter, compared to the consensus estimate of $40.90 million. Research analysts predict that Colony Bankcorp, Inc. will post 1.92 EPS for the current fiscal year.

Colony Bankcorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $0.48 annualized dividend and a dividend yield of 2.2%. Colony Bankcorp’s dividend payout ratio (DPR) is presently 29.09%.

About Colony Bankcorp

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.