Banc Funds Co. LLC Lowers Holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Banc Funds Co. LLC lessened its holdings in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN - Free Report) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 870,859 shares of the financial services provider's stock after selling 112,954 shares during the quarter. Colony Bankcorp comprises 1.6% of Banc Funds Co. LLC's portfolio, making the stock its 19th biggest holding. Banc Funds Co. LLC owned 4.97% of Colony Bankcorp worth $14,056,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Colony Bankcorp during the fourth quarter valued at about $905,000. Barclays PLC raised its holdings in shares of Colony Bankcorp by 49.5% during the 3rd quarter. Barclays PLC now owns 54,484 shares of the financial services provider's stock worth $845,000 after acquiring an additional 18,048 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Colony Bankcorp by 137.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,103 shares of the financial services provider's stock worth $436,000 after acquiring an additional 16,246 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Colony Bankcorp by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 363,547 shares of the financial services provider's stock valued at $5,643,000 after acquiring an additional 7,740 shares during the last quarter. Finally, Bailard Inc. purchased a new position in shares of Colony Bankcorp in the 4th quarter worth $266,000. 50.37% of the stock is currently owned by institutional investors.

Colony Bankcorp Trading Up 0.9 %

Shares of NASDAQ CBAN traded up $0.13 during midday trading on Friday, hitting $14.82. The company's stock had a trading volume of 37,610 shares, compared to its average volume of 51,668. The business's 50 day moving average is $16.05 and its two-hundred day moving average is $16.23. Colony Bankcorp, Inc. has a 12-month low of $10.52 and a 12-month high of $18.49. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. The firm has a market cap of $259.56 million, a P/E ratio of 10.97 and a beta of 0.55.

Colony Bankcorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were paid a $0.115 dividend. The ex-dividend date was Wednesday, February 5th. This is a positive change from Colony Bankcorp's previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a yield of 3.10%. Colony Bankcorp's dividend payout ratio is 34.07%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Colony Bankcorp from a "hold" rating to a "buy" rating in a research report on Thursday, January 9th.

About Colony Bankcorp

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.