Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report)'s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.46 and traded as high as $17.07. Colony Bankcorp shares last traded at $16.89, with a volume of 55,557 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Colony Bankcorp from a "hold" rating to a "buy" rating in a report on Thursday, January 9th.
Get Our Latest Stock Report on CBAN
Colony Bankcorp Price Performance
The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81. The firm has a market capitalization of $306.37 million, a price-to-earnings ratio of 12.95 and a beta of 0.62. The business has a fifty day moving average of $16.45 and a two-hundred day moving average of $15.82.
Colony Bankcorp Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is 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 dividend yield of 2.63%. Colony Bankcorp's payout ratio is presently 34.07%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its holdings in shares of Colony Bankcorp by 152.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the financial services provider's stock worth $33,000 after acquiring an additional 1,226 shares during the last quarter. SG Americas Securities LLC acquired a new position in Colony Bankcorp in the 4th quarter valued at $113,000. Wells Fargo & Company MN grew its holdings in Colony Bankcorp by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 9,721 shares of the financial services provider's stock valued at $157,000 after buying an additional 2,118 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in Colony Bankcorp in the 4th quarter valued at $239,000. Finally, Bailard Inc. acquired a new position in Colony Bankcorp in the 4th quarter valued at $266,000. 50.37% of the stock is owned by institutional investors and hedge funds.
Colony Bankcorp Company Profile
(
Get Free Report)
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.
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