Trexquant Investment LP Boosts Stock Holdings in Colony Bankcorp, Inc. $CBAN

Key Points

• Trexquant Investment LP increased its stake in Colony Bankcorp, Inc. by 35.2%, acquiring an additional 24,320 shares, bringing its total ownership to approximately 93,387 shares worth $1,508,000.
• Colony Bankcorp recently announced a quarterly dividend of $0.115 per share, with an annualized dividend yield of 2.7% and a payout ratio of 29.11%.
• Analysts have boosted the price target for Colony Bankcorp from $19.50 to $21.00, maintaining a consensus rating of "Buy."

Trexquant Investment LP increased its stake in Colony Bankcorp, Inc. (NASDAQ:CBAN - Free Report) by 35.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,387 shares of the financial services provider's stock after purchasing an additional 24,320 shares during the quarter. Trexquant Investment LP owned approximately 0.53% of Colony Bankcorp worth $1,508,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Jane Street Group LLC raised its holdings in shares of Colony Bankcorp by 48.6% during the 4th quarter. Jane Street Group LLC now owns 28,246 shares of the financial services provider's stock valued at $456,000 after buying an additional 9,236 shares in the last quarter. Mackenzie Financial Corp bought a new position in Colony Bankcorp during the fourth quarter valued at approximately $477,000. Bank of America Corp DE raised its stake in shares of Colony Bankcorp by 10.9% during 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 in the last quarter. Deutsche Bank AG bought a new stake in shares of Colony Bankcorp in the 4th quarter worth approximately $143,000. Finally, Nuveen LLC bought a new stake in shares of Colony Bankcorp in the 1st quarter worth approximately $534,000. Institutional investors own 50.37% of the company's stock.

Colony Bankcorp Stock Up 1.0%

Shares of NASDAQ CBAN traded up $0.17 on Thursday, reaching $17.17. 8,020 shares of the company's stock traded hands, compared to its average volume of 63,934. Colony Bankcorp, Inc. has a 12 month low of $13.99 and a 12 month high of $18.49. The business's 50 day simple moving average is $16.92 and its two-hundred day simple moving average is $16.13. The company has a market cap of $299.81 million, a price-to-earnings ratio of 12.71 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 company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.7%. Colony Bankcorp's dividend payout ratio is presently 29.11%.

Wall Street Analysts Forecast Growth

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