Cubist Systematic Strategies LLC Invests $237,000 in Colony Bankcorp, Inc. $CBAN

Key Points

• Cubist Systematic Strategies LLC has acquired a new stake in Colony Bankcorp, Inc. ($CBAN), purchasing 14,681 shares valued at approximately $237,000, increasing its ownership to 0.08%.
• Analysts have raised Colony Bankcorp's target price from $19.50 to $21.00, indicating an "outperform" rating, with a consensus rating of "Buy" among analysts.
• Colony Bankcorp recently announced a quarterly dividend of $0.115 per share, reflecting a 2.6% dividend yield and a payout ratio of 29.11%.

Cubist Systematic Strategies LLC purchased a new position in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,681 shares of the financial services provider's stock, valued at approximately $237,000. Cubist Systematic Strategies LLC owned 0.08% of Colony Bankcorp as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of CBAN. CWM LLC lifted its holdings 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 buying an additional 751 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Colony Bankcorp by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 48,332 shares of the financial services provider's stock worth $781,000 after acquiring an additional 1,147 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Colony Bankcorp by 152.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the financial services provider's stock worth $33,000 after acquiring an additional 1,226 shares during the period. Bank of America Corp DE lifted its stake in shares of Colony Bankcorp by 10.9% in the fourth quarter. Bank of America Corp DE now owns 27,544 shares of the financial services provider's stock worth $445,000 after acquiring an additional 2,710 shares during the period. Finally, Martingale Asset Management L P lifted its stake in shares of Colony Bankcorp by 7.1% in the first quarter. Martingale Asset Management L P now owns 52,040 shares of the financial services provider's stock worth $840,000 after acquiring an additional 3,442 shares during the period. Institutional investors and hedge funds own 50.37% of the company's stock.

Colony Bankcorp Trading Up 1.8%

CBAN traded up $0.31 during trading on Wednesday, hitting $17.42. The company's stock had a trading volume of 79,148 shares, compared to its average volume of 64,068. Colony Bankcorp, Inc. has a twelve month low of $13.99 and a twelve month high of $18.49. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90. The stock's fifty day moving average price is $16.90 and its 200-day moving average price is $16.15. The firm has a market capitalization of $304.08 million, a P/E ratio of 12.90 and a beta of 0.67.

Colony Bankcorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were issued a dividend of $0.115 per share. The ex-dividend date was Wednesday, August 6th. This represents a $0.46 annualized dividend and a dividend yield of 2.6%. Colony Bankcorp's dividend payout ratio is currently 29.11%.

Wall Street Analysts Forecast Growth

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

Colony Bankcorp Company 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.