Colony Bankcorp (NASDAQ:CBAN) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.22 and traded as low as $16.11. Colony Bankcorp shares last traded at $16.27, with a volume of 123,859 shares traded.

Analyst Upgrades and Downgrades

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

Colony Bankcorp Stock Down 0.6 %

The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. The stock has a 50-day simple moving average of $16.55 and a 200-day simple moving average of $16.22. The company has a market cap of $284.96 million, a price-to-earnings ratio of 12.05 and a beta of 0.63.

Colony Bankcorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Wednesday, February 5th. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11. Colony Bankcorp’s payout ratio is currently 34.07%.

Institutional Trading of Colony Bankcorp

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bridgeway Capital Management LLC raised its stake in shares of Colony Bankcorp by 0.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 144,584 shares of the financial services provider’s stock worth $2,334,000 after buying an additional 955 shares in the last quarter. Martingale Asset Management L P raised its position in shares of Colony Bankcorp by 2.3% during the fourth quarter. Martingale Asset Management L P now owns 48,598 shares of the financial services provider’s stock worth $784,000 after purchasing an additional 1,108 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Colony Bankcorp by 152.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,226 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of 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 period. Finally, Bank of New York Mellon Corp raised its position 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. Institutional investors own 50.37% of the company’s stock.

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.