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Colony Bankcorp (CBAN)

Colony Bankcorp, Inc. is the bank holding company for Colony Bank. Founded in 1975 and headquartered in Fitzgerald, Georgia, Colony operates 32 locations throughout Georgia. The Homebuilder Finance Division helps the local construction industry with building and construction loans, and the Small Business Specialty Lending Division assists small businesses with government guaranteed loans. The Bank also helps its customers achieve their goal of home ownership through Colony Bank Mortgage.

Company profile

Ticker
CBAN
Exchange
NASDAQ
Website
www.colonybank.com
CEO
Thomas Heath Fountain
Employees
Incorporated
Georgia
Location
Georgia
Fiscal year end
Dec 31
Sector
Finance and Insurance > Commercial Banking
Industry (SIC)
State Commercial Banks
Bank Of New York Mellon • State Street • Citizens Financial • Northern Trust • M & T Bank • Popular • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc • SVB Financial ...
SEC CIK
0000711669
Corporate docs
Subsidiaries
Colony Risk Management, Inc. ...
IRS number
581492391

CBAN stock data

News

From Benzinga Pro
Stocks That Hit 52-Week Lows On Monday
25 Jul 22
On Monday, 100 companies reached new 52-week lows.
Stocks That Hit 52-Week Lows On Friday
22 Jul 22
During Friday's session, 61 companies made new 52-week lows.
Benzinga's Top Ratings Upgrades, Downgrades For July 22, 2022
22 Jul 22
Upgrades
DA Davidson Downgrades Colony Bankcorp to Neutral, Lowers Price Target to $16.75
22 Jul 22
Colony Bankcorp Q2 EPS $0.30 Down From $0.49 YoY
21 Jul 22

Press releases

From Benzinga Pro
Colony Bankcorp Reports Second Quarter 2022 Results
21 Jul 22
Declares Quarterly Cash Dividend of $0.1075 Per Share Colony Bankcorp, Inc. (NASDAQ:CBAN) ("Colony" or the "Company") today reported financial results for the second quarter of 2022. Financial highlights are shown
Colony Bankcorp Completes $40 Million Subordinated Note Offering
23 May 22
Colony Bankcorp, Inc. (NASDAQ:CBAN) ("Colony" or the "Company"), the parent company of Colony Bank, announced today the completion of its private placement of $40 million in fixed-to-floating rate subordinated notes due

Analyst ratings and price targets

Last 3 months
DA Davidson
Downgraded
Neutral
$16.75
22 Jul 22

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 Aug 22
12 Aug 22
31 Dec 22

Financial summary

Financial statements Chart CBAN financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 76.48M 76.48M 76.48M 76.48M 76.48M 76.48M
Cash burn (monthly) 26.65M 5.82M (no burn) (no burn) 3.9M (no burn)
Cash used (since last report) 38.65M 8.44M n/a n/a 5.66M n/a
Cash remaining 37.83M 68.05M n/a n/a 70.83M n/a
Runway (months of cash) 1.4 11.7 n/a n/a 18.2 n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

CBAN insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
27 Jul 22 Matthew D. Reed COLONY BANKCORP, INC COMMON STOCK Buy Acquire P Yes No 14.197 405 5.75K 405
26 Jul 22 Hoyle M. Edward Jr. COLONY BANKCORP, INC COMMON STOCK Buy Acquire P No No 14.15 2,000 28.3K 22,836.82
25 Jul 22 T Heath Fountain COLONY BANKCORP, INC. COMMON STOCK Buy Acquire P Yes No 14.19 100 1.42K 1,100
25 Jul 22 T Heath Fountain COLONY BANKCORP, INC. COMMON STOCK Buy Acquire P Yes No 14.18 100 1.42K 900
25 Jul 22 T Heath Fountain COLONY BANKCORP, INC. COMMON STOCK Buy Acquire P No No 14.23 1,000 14.23K 45,319.14
25 Jul 22 David Andrew Borrmann COLONY BANKCORP, INC COMMON STOCK Buy Acquire P No No 14.22 1,000 14.22K 25,438
25 Jul 22 Matthew D. Reed COLONY BANKCORP, INC. COMMON STOCK Buy Acquire P No No 14.2 65 923 12,525
15 Jul 22 Leonard H Bateman JR COLONY BANKCORP, INC COMMON STOCK Grant Acquire A No No 0 2,100 0 15,467
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

CBAN institutional ownership history Ownership history
48.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 63 43 +46.5%
Opened positions 21 3 +600.0%
Closed positions 1 8 -87.5%
Increased positions 23 10 +130.0%
Reduced positions 8 16 -50.0%
13F shares Current Prev Q Change
Total value 158.02M 84.82M +86.3%
Total shares 8.49M 4.97M +70.9%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners Shares Value Change
Fourthstone 1.47M $27.41M +7.5%
Banc Funds 974.74K $18.2M +12.1%
Vanguard 666.9K $12.45M +44.3%
Alliancebernstein 577.17K $10.78M +83.2%
Polaris Capital Management 464.05K $8.66M +24.0%
FJ Capital Management 403.03K $7.53M NEW
Wellington Management 345.1K $6.44M NEW
Mendon Capital Advisors 338.2K $6.31M +90.9%
TFO USA 272.73K $4.65M NEW
Manufacturers Life Insurance Company, The 264.42K $4.94M NEW
Largest transactions Shares Bought/sold Change
FJ Capital Management 403.03K +403.03K NEW
Wellington Management 345.1K +345.1K NEW
TFO USA 272.73K +272.73K NEW
Manufacturers Life Insurance Company, The 264.42K +264.42K NEW
Alliancebernstein 577.17K +262.19K +83.2%
Maltese Capital Management 237.31K +237.31K NEW
Stieven Capital Advisors 232.12K +232.12K NEW
Vanguard 666.9K +204.59K +44.3%
Mendon Capital Advisors 338.2K +161.03K +90.9%
EJF Capital 150K +150K NEW
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Management Discussion
  • We reported net income and diluted earnings per share of $3.4 million and $8.7 million and $0.19 and $0.52, respectively, for the first three and six months of 2022. This compared to net income and diluted earnings per share of $4.0 million and $8.9 million and $0.42 and $0.94, respectively, for the same periods in 2021.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: bear, compensatory, family, Floating, fourth, guideline, hospitality, inflationary, mark, population, post, published, recessionary, redeem, redemption, reset, restaurant, robust, saving, seasonality, shortage, solid, Worker, York
Removed: administered, approximating, buffer, conservation, disallowed, discretionary, disruption, Facility, final, initiate, mandatory, notification, phased, PPPLF, reaching, retained, slightly, social, uncollectable, undertaken, unearned
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
12 Aug 22
10-Q
2022 Q1
Quarterly report
13 May 22
10-K
2021 FY
Annual report
18 Mar 22
10-Q
2021 Q3
Quarterly report
12 Nov 21
10-Q
2021 Q2
Quarterly report
13 Aug 21
10-Q
2021 Q1
Quarterly report
17 May 21
10-K
2020 FY
Annual report
23 Mar 21
10-Q
2020 Q3
Quarterly report
9 Nov 20
10-Q
2020 Q2
Quarterly report
10 Aug 20
10-Q/A
2020 Q1
Quarterly report (amended)
26 May 20
Current reports
View all
8-K
Colony Bankcorp Reports Second Quarter 2022 Results
21 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
23 May 22
8-K
Colony Bankcorp Completes $40 Million Subordinated Note Offering
23 May 22
8-K
Colony Bankcorp Reports First Quarter 2022 Results and New Cost Initiative
21 Apr 22
8-K/A
Departure of Directors or Certain Officers
20 Apr 22
8-K
Departure of Directors or Certain Officers
15 Apr 22
8-K
Entry into a Material Definitive Agreement
10 Feb 22
8-K
Colony Bankcorp Reports Fourth Quarter and Year End 2021 Results
20 Jan 22
8-K
Colony Bankcorp Reports Third Quarter 2021 Results
21 Oct 21
8-K/A
Southcrest Financial Group, Inc. Index to Consolidated Financial Statements
15 Oct 21
Registration and prospectus
View all
D
$40M in debt, sold $40M, 30 investors
25 May 22
S-8
Registration of securities for employees
24 Mar 22
424B5
Prospectus supplement for primary offering
8 Feb 22
FWP
Free writing prospectus
7 Feb 22
424B5
Prospectus supplement for primary offering
7 Feb 22
S-3
Shelf registration
26 Oct 21
424B3
Prospectus supplement
10 Jun 21
S-4/A
Registration of securities issued in business combination transactions (amended)
8 Jun 21
S-4
Registration of securities issued in business combination transactions
28 May 21
425
Business combination disclosure
23 Apr 21
Proxies
View all
DEF 14A
Definitive proxy
11 Apr 22
PRE 14A
Preliminary proxy
1 Apr 22
DEF 14A
Definitive proxy
16 Apr 21
DEF 14A
Definitive proxy
23 Apr 20
DEF 14A
Definitive proxy
25 Apr 19
PRE 14A
Preliminary proxy
4 Apr 19
DEF 14A
Definitive proxy
19 Apr 18
PRE 14A
Preliminary proxy
5 Apr 18
DEF 14A
Definitive proxy
26 Apr 17
PRE 14A
Preliminary proxy
10 Apr 17
Other
View all
EFFECT
Notice of effectiveness
8 Nov 21
CORRESP
Correspondence with SEC
2 Nov 21
UPLOAD
Letter from SEC
2 Nov 21
EFFECT
Notice of effectiveness
11 Jun 21
CORRESP
Correspondence with SEC
7 Jun 21
UPLOAD
Letter from SEC
2 Jun 21
EFFECT
Notice of effectiveness
3 Apr 20
CORRESP
Correspondence with SEC
30 Mar 20
UPLOAD
Letter from SEC
18 Mar 20
EFFECT
Notice of effectiveness
12 Feb 19
Ownership
View all
4
COLONY BANKCORP / Meagan M. Mowry ownership change
10 Aug 22
4
COLONY BANKCORP / Tracie Youngblood ownership change
2 Aug 22
4
COLONY BANKCORP / Matthew D. Reed ownership change
28 Jul 22
4
COLONY BANKCORP / M. Edward Jr. Hoyle ownership change
27 Jul 22
4
COLONY BANKCORP / M FREDERICK DWOZAN ownership change
27 Jul 22
4
COLONY BANKCORP / David Andrew Borrmann ownership change
26 Jul 22
4
COLONY BANKCORP / Mark H Massee ownership change
26 Jul 22
4
COLONY BANKCORP / T Heath Fountain ownership change
25 Jul 22
4
COLONY BANKCORP / Scott Lowell Downing ownership change
25 Jul 22
4
COLONY BANKCORP / Leonard H Bateman JR ownership change
18 Jul 22

Reddit threads

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