Colony Bankcorp, Inc. (NASDAQ:CBAN) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN - Free Report) by 123.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,806 shares of the financial services provider's stock after purchasing an additional 34,703 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.36% of Colony Bankcorp worth $1,014,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CBAN. State Street Corp lifted its stake in Colony Bankcorp by 7.6% in the third quarter. State Street Corp now owns 253,507 shares of the financial services provider's stock worth $3,934,000 after acquiring an additional 17,865 shares during the last quarter. Barclays PLC raised its holdings in shares of Colony Bankcorp by 49.5% in the 3rd quarter. Barclays PLC now owns 54,484 shares of the financial services provider's stock valued at $845,000 after purchasing an additional 18,048 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Colony Bankcorp by 2.2% in 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 purchasing an additional 7,740 shares in the last quarter. Fiduciary Alliance LLC purchased a new stake in shares of Colony Bankcorp during the 4th quarter worth $239,000. Finally, SG Americas Securities LLC acquired a new position in shares of Colony Bankcorp during the fourth quarter worth $113,000. 50.37% of the stock is owned by institutional investors and hedge funds.

Colony Bankcorp Price Performance

CBAN stock opened at $15.37 on Monday. The stock has a market cap of $268.61 million, a price-to-earnings ratio of 11.38 and a beta of 0.55. Colony Bankcorp, Inc. has a fifty-two week low of $10.68 and a fifty-two week high of $18.49. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90. The business has a 50 day moving average price of $15.83 and a 200 day moving average price of $16.25.

Colony Bankcorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Wednesday, May 7th. Colony Bankcorp's payout ratio is 32.17%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Colony Bankcorp from a "hold" rating to a "buy" rating in a research note 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.