Zeleniy Coffee http://zeleniycoffee.com/ Tue, 20 Sep 2022 14:37:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 http://zeleniycoffee.com/wp-content/uploads/2021/05/zeleniy-coffee-icon-150x150.png Zeleniy Coffee http://zeleniycoffee.com/ 32 32 Colony Bankcorp, Inc. (NASDAQ:CBAN) Brief Interest Update http://zeleniycoffee.com/colony-bankcorp-inc-nasdaqcban-brief-interest-update/ Tue, 20 Sep 2022 14:37:09 +0000 http://zeleniycoffee.com/colony-bankcorp-inc-nasdaqcban-brief-interest-update/

Colony Bankcorp, Inc. (NASDAQ: CBAN – Get a rating) was the target of a significant fall in short rates during the month of August. As of August 31, there was short interest totaling 243,000 shares, down 8.5% from the total of 265,500 shares as of August 15. Based on an average trading volume of 99,100 shares, the short interest ratio is currently 2.5 days.

Insider buying and selling

In related news, EVP Mr. Edward Jr. Hoyle acquired 2,000 shares of the company in a transaction that took place on Tuesday, July 26. The shares were acquired at an average cost of $14.15 per share, with a total value of $28,300.00. Following the completion of the purchase, the executive vice president now directly owns 22,837 shares of the company, valued at $323,143.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Insiders have purchased a total of 3,470 shares of the company worth $49,204 over the past three months. 7.69% of the shares are currently held by insiders of the company.

Colony Bankcorp Institutional Trading

A number of hedge funds and other institutional investors have recently changed their positions in the company. Polaris Capital Management LLC increased its position in Colony Bankcorp by 675.7% in the second quarter. Polaris Capital Management LLC now owns 3,599,658 shares of the financial services provider valued at $62,202,000 after purchasing an additional 3,135,608 shares last quarter. FJ Capital Management LLC bought a new position in Colony Bankcorp in the first quarter worth approximately $7,525,000. Wellington Management Group LLP acquired a new stock position in Colony Bankcorp during Q1 worth approximately $6,442,000. RMB Capital Management LLC acquired a new equity stake in Colony Bankcorp in Q2 valued at approximately $4,775,000. Finally, Petiole USA ltd bought a new position in shares of Colony Bankcorp in the first quarter at a value of $4,645,000. 73.05% of the shares are currently held by institutional investors and hedge funds.

Analysts set new price targets

Separately, DA Davidson downgraded shares of Colony Bankcorp from a “buy” rating to a “neutral” rating and reduced its target price for the stock from $18.00 to $16.75 in a Wednesday report. August 3.

Colony Bankcorp Stock up 2.4%

Shares of NASDAQ CBAN traded up $0.33 during Tuesday’s midday session, hitting $14.26. 93,151 shares of the company have been traded, against an average volume of 42,210. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt ratio of 0.55. The company has a fifty-day simple moving average of $14.39 and a 200-day simple moving average of $16.05. Colony Bankcorp has a 12-month low of $13.56 and a 12-month high of $19.59. The company has a market capitalization of $251.69 million, a price-earnings ratio of 11.14 and a beta of 0.51.

Colony Bankcorp (NASDAQ:CBAN – Get a rating) last announced its quarterly results on Thursday, July 21. The financial services provider reported earnings per share of $0.30 for the quarter, missing analyst consensus estimates of $0.42 per ($0.12). Colony Bankcorp had a net margin of 15.39% and a return on equity of 10.34%. The company posted revenue of $29.22 million in the quarter, versus a consensus estimate of $32.46 million. As a group, stock analysts expect Colony Bankcorp to post EPS of 1.38 for the current fiscal year.

Colony Bankcorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, August 20. Shareholders of record on Saturday August 6 received a dividend of $0.108 per share. This represents a dividend of $0.43 on an annualized basis and a yield of 3.03%. The ex-dividend date was Thursday August 4th. Colony Bankcorp’s dividend payout ratio (DPR) is currently 33.59%.

About Colony Bankcorp

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Colony Bankcorp, Inc operates as a bank holding company for Colony Bank which provides various banking products and services to commercial and consumer customers. The Company offers various deposit products, including demand, savings and term deposits. It also provides loans to small and medium enterprises; loans for residential and commercial construction and land development; commercial real estate loans; business loans; agribusiness and production loans; residential mortgages; home equity loans; and consumer loans.

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Indian coffee will soon tell the story of its distinct settings http://zeleniycoffee.com/indian-coffee-will-soon-tell-the-story-of-its-distinct-settings/ Tue, 20 Sep 2022 05:42:52 +0000 http://zeleniycoffee.com/indian-coffee-will-soon-tell-the-story-of-its-distinct-settings/

The Coffee Board plans to launch a sustainability code for Indian coffee, which will help producers share the sustainability story with customers overseas.

The Coffee Board’s secretary and CEO, KG Jagadeesha, said the board was working on such a code, which should be launched within the next six months to a year.

“It will be free and any farmer who signs up to the scheme and meets the standards will be able to use the logo and code on their coffee bags to tell the sustainability story,” he said.

Lack of distinction

Jagadeesha said that although there are many certifications available such as Rainforest and FairTrade among others, they are considered costly for Indian growers.

“For the payment made for these certifications, farmers will expect returns, which is not happening. Some of them are difficult to meet because they have fixed criteria all over the world. These certificates do not recognize the uniqueness of Indian coffee. They give the same certification in Brazil where the forest is cleared and the coffee grown in the open. They make no distinction for Indian coffee,” he said.

“We grow coffee under the thick shade of trees and all the biodiversity in the western and eastern ghats is supported by coffee. We don’t use as much fertilizer as others. They do not consider the sustainability aspect of Indian coffee and that is the limitation of private codes. Whenever we present to foreign delegations that Indian coffee represents these distinct parameters, they say that when your coffees arrive, the bags don’t tell the story. They say you have a better story than anyone else, but the bags just say it’s Indian coffee.

Represent best practices

“So we thought about developing a code that outlines the best practices we have – the sustainable culture that respects the environment and incorporates the best practices from all the other codes, so that it becomes acceptable. We will implement this through our extension officers.

“It is not mandatory for farmers. However, it is zero cost. When they apply, we will enroll them in the program and gradually help them to comply with the code,” he said.

“The certification is not for extra income but to convey our story and sell it in the international market. As a result, the perception of Indian coffee will become good and we might start getting better prices,” Jagadeesha added.

A producer following the practices can display the logo and the code on the coffee bags. Anyone scanning the logo can access details of all good agricultural practices followed by the individual grower in that particular area and the curator. “We will popularize the code through all world events,” he said.

Sustainable practices

“Around 90% of the practices Indian growers follow are sustainable, but we’re not selling the story. We want to ensure that farmers fully comply with and enforce the code globally. Moreover, the code will be free for farmers, non-competitive and bringing everyone under one umbrella,” Jagadeesha said.

Coffee Board has already started work and plans to launch the code within a stipulated time.

“We have prepared a project with in-house expertise and are in contact with international agencies specializing in the development of such a code. We are working on it aggressively.

“Once the program is developed, we will consult with producers and make them compliant. Anyone complying with the program can use the logo. he said.

Published on

September 20, 2022

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