Cubist Systematic Strategies LLC Takes Position 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 acquired a new stake in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 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 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. CWM LLC grew its position in shares of Colony Bankcorp by 55.6% during the 1st quarter. CWM LLC now owns 2,102 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 751 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Colony Bankcorp by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 48,332 shares of the financial services provider's stock valued at $781,000 after buying an additional 1,147 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of 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 valued at $33,000 after buying an additional 1,226 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Colony Bankcorp by 10.9% during the 4th quarter. Bank of America Corp DE now owns 27,544 shares of the financial services provider's stock valued at $445,000 after buying an additional 2,710 shares in the last quarter. Finally, Martingale Asset Management L P lifted its stake in shares of Colony Bankcorp by 7.1% during the 1st quarter. Martingale Asset Management L P now owns 52,040 shares of the financial services provider's stock valued at $840,000 after buying an additional 3,442 shares in the last quarter. Institutional investors own 50.37% of the company's stock.

Analysts Set New Price Targets

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

Colony Bankcorp Stock Up 2.9%

CBAN opened at $17.50 on Friday. The firm has a 50-day simple moving average of $16.92 and a two-hundred day simple moving average of $16.13. Colony Bankcorp, Inc. has a 52 week low of $13.99 and a 52 week high of $18.49. The company has a market capitalization of $305.48 million, a PE ratio of 12.96 and a beta of 0.67. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90.

Colony Bankcorp Announces Dividend

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

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.

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