Fourthstone LLC Has $23.54 Million Stock Position in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Fourthstone LLC decreased its holdings in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 11.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,516,585 shares of the financial services provider’s stock after selling 195,962 shares during the quarter. Colony Bankcorp makes up approximately 5.2% of Fourthstone LLC’s holdings, making the stock its 6th biggest holding. Fourthstone LLC owned 0.09% of Colony Bankcorp worth $23,537,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CBAN. Dimensional Fund Advisors LP grew its holdings in shares of Colony Bankcorp by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 508,394 shares of the financial services provider’s stock valued at $6,228,000 after purchasing an additional 38,457 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Colony Bankcorp by 15.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 58,044 shares of the financial services provider’s stock worth $711,000 after buying an additional 7,726 shares during the last quarter. Rothschild Investment LLC bought a new position in Colony Bankcorp during the 2nd quarter worth $139,000. Vanguard Group Inc. increased its position in Colony Bankcorp by 0.8% in the first 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. Finally, Quadrature Capital Ltd bought a new stake in Colony Bankcorp in the first quarter valued at $123,000. Institutional investors own 50.37% of the company’s stock.

Colony Bankcorp Stock Performance

Shares of CBAN traded down $0.05 during midday trading on Thursday, hitting $17.62. 26,610 shares of the stock traded hands, compared to its average volume of 41,233. Colony Bankcorp, Inc. has a 1-year low of $10.33 and a 1-year high of $18.42. The firm has a market capitalization of $308.88 million, a PE ratio of 14.10 and a beta of 0.57. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81. The business’s 50 day moving average price is $15.86 and its two-hundred day moving average price is $14.12.

Colony Bankcorp (NASDAQ:CBAN) last issued 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 net margin of 12.75% and a return on equity of 8.86%. The business had revenue of $44.69 million for the quarter, compared to analysts’ expectations of $28.67 million. During the same period in the previous year, the business earned $0.34 earnings per share. Equities research analysts predict that Colony Bankcorp, Inc. will post 1.38 EPS for the current fiscal year.

Colony Bankcorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Wednesday, November 6th. Colony Bankcorp’s dividend payout ratio is currently 36.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Thursday.

Colony Bankcorp Company 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.