Dimensional Fund Advisors LP Raises Position in Colony Bankcorp Inc (CBAN)

Dimensional Fund Advisors LP increased its stake in shares of Colony Bankcorp Inc (NASDAQ:CBAN) by 7.1% in the second quarter, Holdings Channel reports. The fund owned 124,542 shares of the financial services provider’s stock after purchasing an additional 8,289 shares during the period. Dimensional Fund Advisors LP’s holdings in Colony Bankcorp were worth $2,105,000 at the end of the most recent reporting period.

Shares of NASDAQ:CBAN opened at $18.11 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.78 and a quick ratio of 0.78. Colony Bankcorp Inc has a fifty-two week low of $13.50 and a fifty-two week high of $19.50. The firm has a market cap of $144.06 million, a P/E ratio of 12.46 and a beta of 0.29.

Colony Bankcorp (NASDAQ:CBAN) last issued its earnings results on Thursday, October 18th. The financial services provider reported $0.34 earnings per share for the quarter. Colony Bankcorp had a net margin of 16.57% and a return on equity of 13.13%. The firm had revenue of $12.51 million during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Tuesday, October 30th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, October 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.10%.

In related news, CEO T Heath Fountain bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was purchased at an average price of $17.39 per share, for a total transaction of $173,900.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Terry L. Hester sold 2,500 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $17.25, for a total transaction of $43,125.00. Following the transaction, the insider now owns 104,873 shares of the company’s stock, valued at approximately $1,809,059.25. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 12,723 shares of company stock valued at $222,856. 5.45% of the stock is owned by company insiders.

Colony Bankcorp Profile

Colony Bankcorp, Inc operates as the holding company for Colony Bank that provides banking products and services to commercial and consumer customers. It offers various deposit products, including demand, savings, and time deposits. The company also offers 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.

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Institutional Ownership by Quarter for Colony Bankcorp (NASDAQ:CBAN)

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