Bailard Inc. Purchases New Position in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Bailard Inc. acquired a new position in Colony Bankcorp, Inc. (NASDAQ:CBAN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,451 shares of the financial services provider’s stock, valued at approximately $266,000.

Other hedge funds have also bought and sold shares of the company. Empowered Funds LLC lifted its position in shares of Colony Bankcorp by 5.2% during the third 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Colony Bankcorp by 116.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,285 shares of the financial services provider’s stock valued at $579,000 after purchasing an additional 20,031 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Colony Bankcorp by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider’s stock worth $721,000 after purchasing an additional 1,500 shares in the last quarter. De Lisle Partners LLP boosted its stake in Colony Bankcorp by 105.8% in the 3rd quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider’s stock worth $1,058,000 after purchasing an additional 35,000 shares during the period. Finally, Martingale Asset Management L P grew its holdings in Colony Bankcorp by 38.2% during the 3rd quarter. Martingale Asset Management L P now owns 47,490 shares of the financial services provider’s stock valued at $737,000 after buying an additional 13,119 shares in the last quarter. 50.37% of the stock is currently owned by hedge funds and other institutional investors.

Colony Bankcorp Stock Performance

NASDAQ CBAN opened at $16.45 on Thursday. The company’s 50 day simple moving average is $16.47 and its two-hundred day simple moving average is $16.10. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80. Colony Bankcorp, Inc. has a 1 year low of $10.33 and a 1 year high of $18.49. The stock has a market capitalization of $288.12 million, a PE ratio of 12.18 and a beta of 0.62.

Colony Bankcorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Wednesday, February 5th. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11. Colony Bankcorp’s dividend payout ratio (DPR) is 34.07%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Thursday, January 9th.

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.