JPMorgan Chase & Co. Has $436,000 Stock Position in Colony Bankcorp, Inc. (NASDAQ:CBAN)

JPMorgan Chase & Co. increased its stake in Colony Bankcorp, Inc. (NASDAQ:CBAN - Free Report) by 137.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,103 shares of the financial services provider's stock after purchasing an additional 16,246 shares during the period. JPMorgan Chase & Co. owned approximately 0.16% of Colony Bankcorp worth $436,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC increased its holdings in Colony Bankcorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 35,478 shares of the financial services provider's stock valued at $551,000 after buying an additional 1,742 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Colony Bankcorp by 116.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,285 shares of the financial services provider's stock valued at $579,000 after acquiring an additional 20,031 shares during the last quarter. Ritholtz Wealth Management raised its position in Colony Bankcorp by 40.0% during the third quarter. Ritholtz Wealth Management now owns 37,452 shares of the financial services provider's stock valued at $581,000 after purchasing an additional 10,699 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Colony Bankcorp by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider's stock worth $721,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Martingale Asset Management L P boosted its holdings in shares of Colony Bankcorp by 38.2% in the 3rd quarter. Martingale Asset Management L P now owns 47,490 shares of the financial services provider's stock valued at $737,000 after purchasing an additional 13,119 shares in the last quarter. Institutional investors and hedge funds own 50.37% of the company's stock.

Colony Bankcorp Price Performance

Colony Bankcorp stock traded down $0.05 during mid-day trading on Friday, reaching $16.86. The company had a trading volume of 60,815 shares, compared to its average volume of 56,946. The business has a fifty day simple moving average of $16.56 and a 200 day simple moving average of $15.62. The company has a market cap of $295.39 million, a P/E ratio of 12.49 and a beta of 0.62. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. Colony Bankcorp, Inc. has a fifty-two week low of $10.33 and a fifty-two week high of $18.49.

Colony Bankcorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Wednesday, February 5th. This is a positive change from Colony Bankcorp's previous quarterly dividend of $0.11. Colony Bankcorp's dividend payout ratio (DPR) is 34.07%.

Analysts Set New Price Targets

Separately, StockNews.com raised Colony Bankcorp from a "hold" rating to a "buy" rating in a 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.