JPMorgan Chase & Co. Buys 16,246 Shares of Colony Bankcorp, Inc. (NASDAQ:CBAN)

JPMorgan Chase & Co. increased its stake in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 137.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 28,103 shares of the financial services provider’s stock after acquiring an additional 16,246 shares during the period. JPMorgan Chase & Co.’s holdings in Colony Bankcorp were worth $436,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Barclays PLC raised its stake in shares of Colony Bankcorp by 49.5% during the 3rd 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 in the last quarter. Geode Capital Management LLC increased its holdings in Colony Bankcorp by 2.2% during the third quarter. Geode Capital Management LLC now owns 363,547 shares of the financial services provider’s stock worth $5,643,000 after buying an additional 7,740 shares during the last quarter. State Street Corp raised its position in Colony Bankcorp by 7.6% during the third quarter. State Street Corp now owns 253,507 shares of the financial services provider’s stock worth $3,934,000 after acquiring an additional 17,865 shares in the last quarter. Martingale Asset Management L P lifted its stake in Colony Bankcorp by 38.2% in the third quarter. Martingale Asset Management L P now owns 47,490 shares of the financial services provider’s stock valued at $737,000 after acquiring an additional 13,119 shares during the last quarter. Finally, De Lisle Partners LLP grew its position in shares of Colony Bankcorp by 105.8% in the 3rd quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider’s stock valued at $1,058,000 after acquiring an additional 35,000 shares during the period. 50.37% of the stock is owned by institutional investors and hedge funds.

Colony Bankcorp Price Performance

NASDAQ:CBAN opened at $17.05 on Wednesday. Colony Bankcorp, Inc. has a 12-month low of $10.33 and a 12-month high of $18.49. The firm has a market capitalization of $298.85 million, a price-to-earnings ratio of 12.63 and a beta of 0.62. The stock’s 50 day moving average price is $16.58 and its two-hundred day moving average price is $15.56. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90.

Colony Bankcorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Wednesday, February 5th. This is a boost from Colony Bankcorp’s previous quarterly dividend of $0.11. Colony Bankcorp’s dividend payout ratio is 33.33%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a 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.