Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.22 and traded as low as $16.11. Colony Bankcorp shares last traded at $16.27, with a volume of 123,859 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Colony Bankcorp from a "hold" rating to a "buy" rating in a research note on Thursday, January 9th.
Read Our Latest Stock Analysis on CBAN
Colony Bankcorp Stock Performance
The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a 50-day moving average price of $16.59 and a 200-day moving average price of $16.25. The company has a market capitalization of $290.48 million, a price-to-earnings ratio of 12.28 and a beta of 0.63.
Colony Bankcorp Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were issued a dividend of $0.115 per share. This is an increase from Colony Bankcorp's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.46 annualized dividend and a dividend yield of 2.77%. Colony Bankcorp's payout ratio is presently 34.07%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. De Lisle Partners LLP increased its position in Colony Bankcorp by 105.8% during the 3rd quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider's stock worth $1,058,000 after buying an additional 35,000 shares during the period. Barclays PLC lifted its stake in Colony Bankcorp by 49.5% during the third quarter. Barclays PLC now owns 54,484 shares of the financial services provider's stock worth $845,000 after purchasing an additional 18,048 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Colony Bankcorp by 137.0% in the third quarter. JPMorgan Chase & Co. now owns 28,103 shares of the financial services provider's stock valued at $436,000 after buying an additional 16,246 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 purchasing an additional 7,740 shares during the last quarter. Finally, Bailard Inc. acquired a new position in shares of Colony Bankcorp during the fourth quarter worth $266,000. 50.37% of the stock is owned by institutional investors.
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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