Fourthstone LLC Lowers Position in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Fourthstone LLC decreased its position in Colony Bankcorp, Inc. (NASDAQ:CBAN - Free Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,495,429 shares of the financial services provider's stock after selling 21,156 shares during the quarter. Colony Bankcorp accounts for 4.7% of Fourthstone LLC's portfolio, making the stock its 7th largest position. Fourthstone LLC owned about 8.54% of Colony Bankcorp worth $24,136,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CBAN. Raymond James Financial Inc. bought a new position in shares of Colony Bankcorp in the fourth quarter worth approximately $905,000. Barclays PLC grew its holdings in Colony Bankcorp by 49.5% in 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 during the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 acquiring an additional 16,246 shares during the period. Geode Capital Management LLC increased its position in shares of Colony Bankcorp by 2.2% in the third 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 period. Finally, Bailard Inc. bought a new position in shares of Colony Bankcorp during the fourth quarter valued at about $266,000. 50.37% of the stock is currently owned by institutional investors.

Colony Bankcorp Trading Up 0.9 %

Colony Bankcorp stock traded up $0.13 during mid-day trading on Friday, reaching $14.82. 37,610 shares of the company traded hands, compared to its average volume of 51,668. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80. Colony Bankcorp, Inc. has a 52-week low of $10.52 and a 52-week high of $18.49. The firm has a market capitalization of $259.56 million, a price-to-earnings ratio of 10.97 and a beta of 0.55. The firm's 50 day moving average price is $16.05 and its 200 day moving average price is $16.23.

Colony Bankcorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were paid a $0.115 dividend. This is an increase 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%. The ex-dividend date of this dividend was Wednesday, February 5th. Colony Bankcorp's dividend payout ratio is presently 34.07%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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.