De Lisle Partners LLP Raises Position in Colony Bankcorp, Inc. (NASDAQ:CBAN)

De Lisle Partners LLP grew its position in Colony Bankcorp, Inc. (NASDAQ:CBAN - Free Report) by 105.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,087 shares of the financial services provider's stock after purchasing an additional 35,000 shares during the quarter. De Lisle Partners LLP owned approximately 0.39% of Colony Bankcorp worth $1,058,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quadrature Capital Ltd purchased a new position in Colony Bankcorp in the first quarter valued at approximately $123,000. Rothschild Investment LLC purchased a new position in shares of Colony Bankcorp in the 2nd quarter valued at $139,000. Ritholtz Wealth Management raised its stake in Colony Bankcorp by 8.9% during the 2nd quarter. Ritholtz Wealth Management now owns 26,753 shares of the financial services provider's stock worth $328,000 after acquiring an additional 2,193 shares in the last quarter. Empowered Funds LLC lifted its position in Colony Bankcorp by 5.2% in the third quarter. Empowered Funds LLC now owns 35,478 shares of the financial services provider's stock valued at $551,000 after acquiring an additional 1,742 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Colony Bankcorp by 116.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,285 shares of the financial services provider's stock valued at $579,000 after acquiring an additional 20,031 shares during the last quarter. 50.37% of the stock is owned by hedge funds and other institutional investors.

Colony Bankcorp Stock Performance

Shares of Colony Bankcorp stock traded up $0.01 during trading on Friday, reaching $17.63. The company's stock had a trading volume of 27,781 shares, compared to its average volume of 41,174. The company has a 50-day moving average price of $15.94 and a two-hundred day moving average price of $14.17. Colony Bankcorp, Inc. has a fifty-two week low of $10.33 and a fifty-two week high of $18.49. The firm has a market cap of $309.00 million, a PE ratio of 14.10 and a beta of 0.57. 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 (NASDAQ:CBAN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Colony Bankcorp had a net margin of 12.75% and a return on equity of 8.86%. The company had revenue of $44.69 million for the quarter, compared to the consensus estimate of $28.67 million. During the same period last year, the firm posted $0.34 EPS. On average, analysts forecast that Colony Bankcorp, Inc. will post 1.38 EPS for the current year.

Colony Bankcorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Colony Bankcorp from a "hold" rating to a "buy" rating in a research note on Thursday.

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.