Colony Bankcorp, Inc. (NASDAQ:CBAN) Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. boosted its holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN) by 8.9% during the first quarter, Holdings Channel.com reports. The fund owned 56,057 shares of the financial services provider’s stock after acquiring an additional 4,600 shares during the period. Hillsdale Investment Management Inc.’s holdings in Colony Bankcorp were worth $645,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CBAN. Mendon Capital Advisors Corp purchased a new position in Colony Bankcorp in the 4th quarter valued at about $1,862,000. Panagora Asset Management Inc. lifted its holdings in Colony Bankcorp by 168.0% in the 4th quarter. Panagora Asset Management Inc. now owns 35,531 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 22,272 shares in the last quarter. Ritholtz Wealth Management purchased a new position in Colony Bankcorp in the 4th quarter valued at about $197,000. BNP Paribas Financial Markets lifted its holdings in Colony Bankcorp by 47.9% in the 1st quarter. BNP Paribas Financial Markets now owns 36,252 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 11,746 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Colony Bankcorp in the 4th quarter valued at about $119,000. 50.37% of the stock is owned by institutional investors and hedge funds.

Colony Bankcorp Trading Up 1.2 %

Shares of CBAN stock traded up $0.17 during trading hours on Tuesday, hitting $13.87. 17,376 shares of the company were exchanged, compared to its average volume of 38,244. The firm has a market cap of $243.56 million, a PE ratio of 11.00 and a beta of 0.58. Colony Bankcorp, Inc. has a 1 year low of $9.35 and a 1 year high of $13.96. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average of $12.15 and a 200 day moving average of $11.70.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.33 earnings per share for the quarter. The business had revenue of $28.14 million for the quarter. Colony Bankcorp had a net margin of 13.17% and a return on equity of 9.22%. Analysts expect that Colony Bankcorp, Inc. will post 1.32 earnings per share for the current year.

Colony Bankcorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were issued a $0.112 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.45 annualized dividend and a yield of 3.23%. Colony Bankcorp’s payout ratio is 36.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Wednesday, May 29th.

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.