EJF Capital LLC Decreases Position in Colony Bankcorp Inc (NASDAQ:CBAN)

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EJF Capital LLC trimmed its position in shares of Colony Bankcorp Inc (NASDAQ:CBAN) by 79.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,821 shares of the financial services provider’s stock after selling 282,896 shares during the quarter. EJF Capital LLC owned approximately 0.77% of Colony Bankcorp worth $1,234,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Colony Bankcorp by 5,728.6% during the second quarter. JPMorgan Chase & Co. now owns 2,040 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 2,005 shares in the last quarter. Context BH Capital Management LP lifted its position in shares of Colony Bankcorp by 5.7% in the second quarter. Context BH Capital Management LP now owns 12,037 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 649 shares in the last quarter. Taylor Wealth Management Partners purchased a new stake in shares of Colony Bankcorp in the second quarter valued at $258,000. Northern Trust Corp purchased a new stake in shares of Colony Bankcorp in the second quarter valued at $263,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Colony Bankcorp in the second quarter valued at $308,000. Institutional investors own 19.60% of the company’s stock.

NASDAQ:CBAN traded down $0.03 on Thursday, hitting $16.10. 704 shares of the stock were exchanged, compared to its average volume of 5,720. The stock has a market cap of $152.46 million, a PE ratio of 11.55 and a beta of 0.69. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average of $15.96 and a 200-day moving average of $16.71. Colony Bankcorp Inc has a fifty-two week low of $12.29 and a fifty-two week high of $19.20.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.34 EPS for the quarter. The company had revenue of $15.82 million during the quarter. Colony Bankcorp had a return on equity of 11.61% and a net margin of 16.45%.

Separately, ValuEngine lowered Colony Bankcorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

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 retail customers. It offers various deposit products, including demand, savings, and time deposits. The company 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.

Further Reading: What does an equal weight rating mean?

Institutional Ownership by Quarter for Colony Bankcorp (NASDAQ:CBAN)

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