Banc Funds Co. LLC Has $15.27 Million Holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Banc Funds Co. LLC trimmed its position in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 6.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 983,813 shares of the financial services provider’s stock after selling 71,579 shares during the quarter. Colony Bankcorp accounts for 1.7% of Banc Funds Co. LLC’s investment portfolio, making the stock its 19th largest holding. Banc Funds Co. LLC owned 5.61% of Colony Bankcorp worth $15,269,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CBAN. De Lisle Partners LLP increased its stake in Colony Bankcorp by 105.8% during the 3rd quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 35,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Colony Bankcorp by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 508,394 shares of the financial services provider’s stock worth $6,228,000 after acquiring an additional 38,457 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Colony Bankcorp by 116.1% in 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 acquiring an additional 20,031 shares in the last quarter. Rothschild Investment LLC acquired a new position in Colony Bankcorp during the 2nd quarter valued at about $139,000. Finally, Bank of New York Mellon Corp increased its holdings in Colony Bankcorp by 15.4% during the 2nd 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 in the last quarter. 50.37% of the stock is currently owned by institutional investors.

Colony Bankcorp Price Performance

Shares of NASDAQ:CBAN opened at $17.63 on Monday. Colony Bankcorp, Inc. has a 1-year low of $10.33 and a 1-year high of $18.49. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. The stock has a market cap of $309.05 million, a PE ratio of 14.10 and a beta of 0.57. The stock’s fifty day simple moving average is $15.98 and its two-hundred day simple moving average is $14.23.

Colony Bankcorp (NASDAQ:CBAN) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $44.69 million for 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 last year, the firm earned $0.34 earnings per share. As a group, analysts forecast that Colony Bankcorp, Inc. will post 1.38 EPS for the current fiscal year.

Colony Bankcorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Thursday.

About Colony Bankcorp

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.