Barclays PLC Raises Stock Position in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Barclays PLC grew its holdings in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN - Free Report) by 49.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,484 shares of the financial services provider's stock after acquiring an additional 18,048 shares during the quarter. Barclays PLC owned about 0.31% of Colony Bankcorp worth $845,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in Colony Bankcorp by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider's stock valued at $721,000 after purchasing an additional 1,500 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Colony Bankcorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 35,478 shares of the financial services provider's stock worth $551,000 after acquiring an additional 1,742 shares during the last quarter. Renaissance Technologies LLC grew its position in Colony Bankcorp by 3.6% in the second quarter. Renaissance Technologies LLC now owns 95,078 shares of the financial services provider's stock worth $1,165,000 after acquiring an additional 3,300 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Colony Bankcorp by 15.4% in 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 during the last quarter. Finally, Geode Capital Management LLC raised its position in Colony Bankcorp by 2.2% during the third quarter. Geode Capital Management LLC now owns 363,547 shares of the financial services provider's stock valued at $5,643,000 after purchasing an additional 7,740 shares in the last quarter. Institutional investors own 50.37% of the company's stock.

Colony Bankcorp Trading Down 0.7 %

Shares of Colony Bankcorp stock traded down $0.11 during trading on Thursday, reaching $15.52. The company's stock had a trading volume of 35,311 shares, compared to its average volume of 38,213. The company has a market cap of $271.98 million, a price-to-earnings ratio of 12.41 and a beta of 0.62. The firm's 50-day moving average is $16.72 and its two-hundred day moving average is $15.30. Colony Bankcorp, Inc. has a 52-week low of $10.33 and a 52-week high of $18.49. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90.

Colony Bankcorp (NASDAQ:CBAN - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $44.69 million during the quarter, compared to analyst estimates of $28.67 million. Colony Bankcorp had a net margin of 12.75% and a return on equity of 8.86%. During the same period in the prior year, the business posted $0.34 earnings per share. On average, sell-side analysts anticipate that Colony Bankcorp, Inc. will post 1.38 earnings per share for the current year.

Colony Bankcorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders 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 2.89%. The ex-dividend date of this dividend was Wednesday, November 6th. Colony Bankcorp's dividend payout ratio (DPR) is presently 36.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Colony Bankcorp from a "hold" rating to a "buy" rating in a research report on Thursday, January 9th.

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.