Oppenheimer & Close LLC Purchases Shares of 53,750 Colony Bankcorp, Inc. $CBAN

Oppenheimer & Close LLC purchased a new stake in Colony Bankcorp, Inc. (NYSE:CBAN) during the 4th quarter, Holdings Channel reports. The firm purchased 53,750 shares of the company’s stock, valued at approximately $958,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBAN. AQR Capital Management LLC increased 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 during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of 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 during the last quarter. Empowered Funds LLC increased its stake in shares of 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 during the last quarter. Jane Street Group LLC increased its stake in shares of Colony Bankcorp by 46.8% during the 1st quarter. Jane Street Group LLC now owns 41,462 shares of the company’s stock worth $670,000 after purchasing an additional 13,216 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Colony Bankcorp by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 367,897 shares of the company’s stock worth $6,060,000 after purchasing an additional 10,798 shares during the last quarter. 50.37% of the stock is currently owned by institutional investors and hedge funds.

Colony Bankcorp Stock Performance

NYSE CBAN opened at $19.79 on Friday. 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 company has a market capitalization of $418.65 million, a P/E ratio of 12.37 and a beta of 0.56. Colony Bankcorp, Inc. has a 12-month low of $14.63 and a 12-month high of $21.61. The firm has a 50-day moving average price of $20.00 and a two-hundred day moving average price of $19.11.

Colony Bankcorp (NYSE:CBAN) last posted its quarterly earnings data 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 net margin of 14.83% and a return on equity of 10.23%. Analysts anticipate that Colony Bankcorp, Inc. will post 1.91 earnings per share for the current year.

Colony Bankcorp Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Brean Capital upgraded shares of Colony Bankcorp from a “neutral” rating to a “buy” rating in a research note on Monday, March 23rd. Zacks Research lowered shares of Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Wall Street Zen lowered shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Hovde Group boosted their price objective on shares of Colony Bankcorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Weiss Ratings upgraded shares of Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Colony Bankcorp Company Profile

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.