Hsbc Holdings PLC Takes Position in Colony Bankcorp, Inc. $CBAN

Key Points

• Hsbc Holdings PLC acquired 54,860 shares of Colony Bankcorp in the second quarter, worth approximately $1.1 million. Institutional investors collectively own 50.37% of the company.
• Analyst sentiment remains generally positive, with one Strong Buy and three Buy ratings; Colony Bankcorp has an average rating of “Buy” and a $23 price target.
• Colony Bankcorp exceeded quarterly earnings expectations, reporting $0.52 EPS versus a $0.48 estimate and $42.03 million in revenue. The company also maintains a quarterly dividend of $0.12, equivalent to a 2.3% annual yield.

Hsbc Holdings PLC purchased a new position in Colony Bankcorp, Inc. (NYSE:CBAN - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 54,860 shares of the company's stock, valued at approximately $1,103,000. Hsbc Holdings PLC owned approximately 0.26% of Colony Bankcorp at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Quantinno Capital Management LP lifted its stake in shares of Colony Bankcorp by 67.1% in the 1st quarter. Quantinno Capital Management LP now owns 64,827 shares of the company's stock valued at $1,295,000 after purchasing an additional 26,031 shares during the last quarter. Algert Global LLC raised its holdings in Colony Bankcorp by 44.6% during the 2nd quarter. Algert Global LLC now owns 227,476 shares of the company's stock valued at $4,570,000 after buying an additional 70,216 shares during the period. Nicholas Hoffman & Company LLC. purchased a new stake in Colony Bankcorp during the 1st quarter valued at $1,068,000. De Lisle Partners LLP bought a new stake in Colony Bankcorp in the second quarter worth $935,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Colony Bankcorp in the second quarter worth $1,783,000. 50.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CBAN shares. Zacks Research upgraded shares of Colony Bankcorp from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. Wall Street Zen lowered shares of Colony Bankcorp from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Weiss Ratings lowered shares of Colony Bankcorp from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to MarketBeat, Colony Bankcorp presently has an average rating of "Buy" and an average price target of $23.00.

Insider Buying and Selling at Colony Bankcorp

In other Colony Bankcorp news, insider Edward G. Canup purchased 2,000 shares of the stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average price of $21.62 per share, with a total value of $43,240.00. Following the transaction, the insider owned 39,702 shares of the company's stock, valued at approximately $858,357.24. This trade represents a 5.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have purchased 7,000 shares of company stock valued at $151,290. 3.92% of the stock is currently owned by corporate insiders.

Colony Bankcorp Stock Performance

Shares of Colony Bankcorp stock opened at $21.11 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock's fifty day moving average price is $21.17 and its 200-day moving average price is $20.45. The firm has a market cap of $447.95 million, a P/E ratio of 12.79 and a beta of 0.55. Colony Bankcorp, Inc. has a 12 month low of $15.80 and a 12 month high of $22.46.

Colony Bankcorp (NYSE:CBAN - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%. The company had revenue of $42.03 million during the quarter, compared to analyst estimates of $40.90 million. On average, equities research analysts expect that Colony Bankcorp, Inc. will post 1.92 earnings per share for the current fiscal year.

Colony Bankcorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were issued a $0.12 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $0.48 annualized dividend and a dividend yield of 2.3%. Colony Bankcorp's payout ratio is currently 29.09%.

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.

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