Pacific Ridge Capital Partners LLC Lowers Stake in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Pacific Ridge Capital Partners LLC cut its holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 426,787 shares of the financial services provider’s stock after selling 5,571 shares during the quarter. Colony Bankcorp comprises approximately 1.6% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 17th largest holding. Pacific Ridge Capital Partners LLC owned about 2.44% of Colony Bankcorp worth $6,888,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its stake in shares of Colony Bankcorp by 3.3% in the 3rd 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 last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Colony Bankcorp by 3.5% during the fourth quarter. Bank of New York Mellon Corp now owns 47,185 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 1,608 shares during the period. Empowered Funds LLC lifted its holdings in shares of Colony Bankcorp by 4.9% during the fourth quarter. Empowered Funds LLC now owns 37,233 shares of the financial services provider’s stock worth $601,000 after purchasing an additional 1,755 shares during the period. American Century Companies Inc. grew its position in Colony Bankcorp by 4.6% in the 4th quarter. American Century Companies Inc. now owns 97,428 shares of the financial services provider’s stock valued at $1,572,000 after buying an additional 4,306 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Colony Bankcorp in the 4th quarter valued at $113,000. 50.37% of the stock is owned by hedge funds and other institutional investors.

Colony Bankcorp Stock Down 0.5 %

Colony Bankcorp stock opened at $16.42 on Thursday. The stock’s 50 day moving average price is $16.64 and its 200 day moving average price is $16.26. Colony Bankcorp, Inc. has a 1-year low of $10.33 and a 1-year high of $18.49. The company has a market cap of $287.59 million, a PE ratio of 12.16 and a beta of 0.63. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were paid a dividend of $0.115 per share. The ex-dividend date of this dividend was Wednesday, February 5th. This is a boost 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 2.80%. Colony Bankcorp’s dividend payout ratio is 34.07%.

Analysts Set New Price Targets

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

Colony Bankcorp Profile

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.