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

De Lisle Partners LLP increased its position in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 105.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,087 shares of the financial services provider’s stock after buying an additional 35,000 shares during the period. De Lisle Partners LLP owned about 0.39% of Colony Bankcorp worth $1,058,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Colony Bankcorp by 0.8% during the first quarter. Vanguard Group Inc. now owns 918,020 shares of the financial services provider’s stock valued at $10,557,000 after buying an additional 6,891 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Colony Bankcorp during the 1st quarter valued at approximately $123,000. Bank of New York Mellon Corp lifted its stake in Colony Bankcorp by 15.4% during the second quarter. Bank of New York Mellon Corp now owns 58,044 shares of the financial services provider’s stock worth $711,000 after purchasing an additional 7,726 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in Colony Bankcorp by 19.3% in the second quarter. Panagora Asset Management Inc. now owns 48,782 shares of the financial services provider’s stock worth $598,000 after purchasing an additional 7,885 shares during the period. Finally, Rothschild Investment LLC bought a new stake in Colony Bankcorp during the second quarter valued at $139,000. Institutional investors and hedge funds own 50.37% of the company’s stock.

Colony Bankcorp Stock Performance

Shares of CBAN stock opened at $17.62 on Friday. The company has a market cap of $308.88 million, a P/E ratio of 14.10 and a beta of 0.57. The business has a 50 day moving average of $15.90 and a two-hundred day moving average of $14.15. Colony Bankcorp, Inc. has a 52 week low of $10.33 and a 52 week high of $18.42. 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) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Colony Bankcorp had a return on equity of 8.86% and a net margin of 12.75%. The firm had revenue of $44.69 million for the quarter, compared to analyst estimates of $28.67 million. During the same period last year, the company earned $0.34 earnings per share. As a group, analysts anticipate that Colony Bankcorp, Inc. will post 1.38 EPS for the current year.

Colony Bankcorp Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a research report 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.