Nicholas Hoffman & Company LLC. Acquires New Holdings in Colony Bankcorp, Inc. $CBAN

Nicholas Hoffman & Company LLC. bought a new position in shares of Colony Bankcorp, Inc. (NYSE:CBAN) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 53,492 shares of the company’s stock, valued at approximately $1,068,000. Nicholas Hoffman & Company LLC. owned about 0.25% of Colony Bankcorp at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC lifted its stake in Colony Bankcorp by 153.9% in the 1st quarter. AQR Capital Management LLC now owns 28,466 shares of the company’s stock valued at $460,000 after buying an additional 17,253 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Colony Bankcorp by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 98,128 shares of the company’s stock worth $1,585,000 after purchasing an additional 9,226 shares in the last quarter. Empowered Funds LLC increased its position in Colony Bankcorp by 28.8% during the 1st quarter. Empowered Funds LLC now owns 47,942 shares of the company’s stock worth $774,000 after purchasing an additional 10,709 shares in the last quarter. Jane Street Group LLC raised its stake in Colony Bankcorp by 46.8% in the 1st quarter. Jane Street Group LLC now owns 41,462 shares of the company’s stock valued at $670,000 after purchasing an additional 13,216 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Colony Bankcorp by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 367,897 shares of the company’s stock valued at $6,060,000 after purchasing an additional 10,798 shares during the last quarter. 50.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CBAN. Brean Capital raised shares of Colony Bankcorp from a “neutral” rating to a “buy” rating in a research note on Monday, March 23rd. Zacks Research cut shares of Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Hovde Group increased their price target on Colony Bankcorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen cut Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Finally, Weiss Ratings raised Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, May 15th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Colony Bankcorp Stock Down 1.1%

Shares of NYSE CBAN opened at $20.18 on Wednesday. The stock has a market capitalization of $426.92 million, a PE ratio of 12.61 and a beta of 0.56. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.68. The firm has a fifty day moving average of $20.07 and a 200-day moving average of $19.74. Colony Bankcorp, Inc. has a 52-week low of $15.80 and a 52-week high of $21.61.

Colony Bankcorp (NYSE:CBAN) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $39.90 million during the quarter, compared to the consensus estimate of $42.10 million. Colony Bankcorp had a return on equity of 10.23% and a net margin of 14.83%. On average, analysts anticipate that Colony Bankcorp, Inc. will post 1.91 EPS for the current year.

Colony Bankcorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, May 6th. Colony Bankcorp’s payout ratio is 30.00%.

About Colony Bankcorp

Colony Bankcorp, Inc is a bank holding company headquartered in Baxley, Georgia, that operates through its primary subsidiary, The Colony Bank. The company’s core focus is on delivering community banking services tailored to individuals, small businesses and agricultural customers throughout Georgia and Florida. Colony Bankcorp’s structure supports a full suite of deposit and lending solutions designed to meet the needs of local markets.

The company offers a range of deposit products, including personal and business checking accounts, savings and money market accounts, and certificates of deposit.