Tontine Financial Partners, LP disclosed that they own a 5.2% stake in Colony Bankcorp Inc. (NASDAQ:CBAN) in a Form 13G disclosure that was filed with the SEC on Friday, November 25th. The investor owns 440,336 shares of the stock worth about $4,799,662. The reporting parties listed on the disclosure included Tontine Financial Partners, LP, Tontine Management, LLC, Tontine Asset Associates, LLC and Jeffrey L Gendell. The disclosure is available through EDGAR at this hyperlink.
Colony Bankcorp Inc. (NASDAQ:CBAN) traded up 2.29% during trading on Friday, reaching $11.15. The company’s stock had a trading volume of 889 shares. Colony Bankcorp Inc. has a 52 week low of $8.11 and a 52 week high of $11.20. The stock’s 50 day moving average is $10.11 and its 200-day moving average is $9.77. The firm has a market cap of $94.09 million, a P/E ratio of 13.77 and a beta of 0.87.
About Colony Bankcorp
Colony Bankcorp, Inc (Colony) is a bank holding company. The Company operates through its subsidiary, Colony Bank (the Bank). The Bank offers traditional banking products and services to commercial and consumer customers in its markets. The Bank’s product line includes 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, consumer loans and a range of demand, savings and time deposit products, among others.