Colony Bankcorp (NASDAQ:CBAN) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Colony Bankcorp, Inc. (NASDAQ:CBAN) passed 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 changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Colony Bankcorp from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th.

Colony Bankcorp Price Performance

The stock’s 50-day moving average price is $16.46 and its 200 day moving average price is $15.76. 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 firm has a market capitalization of $295.84 million, a price-to-earnings ratio of 12.51 and a beta of 0.62.

Colony Bankcorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th will be issued a $0.115 dividend. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $0.46 dividend on an annualized basis and a yield of 2.72%. Colony Bankcorp’s dividend payout ratio is presently 34.07%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. De Lisle Partners LLP increased its holdings in shares of Colony Bankcorp by 105.8% in the third quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 35,000 shares during the last quarter. Barclays PLC increased its stake 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 worth $845,000 after acquiring an additional 18,048 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Colony Bankcorp by 137.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,103 shares of the financial services provider’s stock worth $436,000 after acquiring an additional 16,246 shares during the last quarter. Geode Capital Management LLC raised 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 worth $5,643,000 after acquiring an additional 7,740 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Colony Bankcorp by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider’s stock valued at $721,000 after purchasing an additional 1,500 shares during the period. 50.37% of the stock is currently owned by institutional investors and hedge funds.

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.