American Century Companies Inc. Increases Position in Colony Bankcorp, Inc. $CBAN

Key Points

• American Century Companies Inc. increased its stake in Colony Bankcorp by 60.7%, owning 156,556 shares valued at approximately $2.53 million.
• Analysts have raised their price target for Colony Bankcorp from $19.50 to $21.00, with a consensus rating of "Buy."
• Colony Bankcorp announced a quarterly dividend of $0.115 per share, representing an annualized yield of 2.7%.

American Century Companies Inc. grew its position in Colony Bankcorp, Inc. (NASDAQ:CBAN - Free Report) by 60.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 156,556 shares of the financial services provider's stock after acquiring an additional 59,128 shares during the period. American Century Companies Inc. owned 0.90% of Colony Bankcorp worth $2,528,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in Colony Bankcorp by 152.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the financial services provider's stock worth $33,000 after purchasing an additional 1,226 shares during the last quarter. CWM LLC raised its position in Colony Bankcorp by 55.6% during the 1st quarter. CWM LLC now owns 2,102 shares of the financial services provider's stock worth $34,000 after purchasing an additional 751 shares during the last quarter. Deutsche Bank AG bought a new position in Colony Bankcorp during the 4th quarter worth $143,000. Wells Fargo & Company MN raised its position in Colony Bankcorp by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,721 shares of the financial services provider's stock worth $157,000 after purchasing an additional 2,118 shares during the last quarter. Finally, Citadel Advisors LLC raised its position in Colony Bankcorp by 87.7% during the 4th quarter. Citadel Advisors LLC now owns 26,753 shares of the financial services provider's stock worth $432,000 after purchasing an additional 12,497 shares during the last quarter. 50.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Hovde Group raised their target price on Colony Bankcorp from $19.50 to $21.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $21.00.

Colony Bankcorp Stock Performance

Shares of NASDAQ CBAN traded up $0.16 during midday trading on Thursday, reaching $17.18. The company's stock had a trading volume of 20,937 shares, compared to its average volume of 64,804. Colony Bankcorp, Inc. has a 12-month low of $13.99 and a 12-month high of $18.49. The firm has a 50 day moving average price of $16.88 and a 200-day moving average price of $16.14. The stock has a market capitalization of $299.98 million, a P/E ratio of 12.73 and a beta of 0.67. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80.

Colony Bankcorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, August 6th. Colony Bankcorp's payout ratio is presently 29.11%.

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.