StockNews.com started coverage on shares of Colony Bankcorp (NASDAQ:CBAN – Get Rating) in a research note released on Thursday morning. The firm issued a hold rating on the financial services provider’s stock.
Several other equities analysts have also commented on CBAN. TheStreet lowered shares of Colony Bankcorp from a b- rating to a c+ rating in a research report on Thursday, March 2nd. DA Davidson lowered shares of Colony Bankcorp from a buy rating to a neutral rating in a research report on Tuesday, January 24th. Finally, Janney Montgomery Scott downgraded shares of Colony Bankcorp from a buy rating to a neutral rating and set a $14.00 price objective for the company. in a report on Wednesday, February 15th.
Colony Bankcorp Stock Down 0.6 %
CBAN stock opened at $10.59 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.70 and a quick ratio of 0.69. Colony Bankcorp has a 1-year low of $10.10 and a 1-year high of $18.98. The firm has a fifty day moving average price of $12.49 and a two-hundred day moving average price of $13.16. The firm has a market cap of $186.81 million, a price-to-earnings ratio of 9.29 and a beta of 0.55.
Colony Bankcorp Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 23rd. Shareholders of record on Thursday, February 9th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.15%. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, February 8th. Colony Bankcorp’s dividend payout ratio is presently 38.60%.
Insider Buying and Selling at Colony Bankcorp
In other Colony Bankcorp news, CEO T Heath Fountain purchased 3,000 shares of the business’s stock in a transaction on Tuesday, March 7th. The stock was bought at an average cost of $12.04 per share, with a total value of $36,120.00. Following the acquisition, the chief executive officer now owns 17,811 shares of the company’s stock, valued at $214,444.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders acquired 4,643 shares of company stock valued at $53,516. 7.69% of the stock is owned by insiders.
Institutional Trading of Colony Bankcorp
A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Colony Bankcorp by 5.3% during the fourth quarter. JPMorgan Chase & Co. now owns 15,745 shares of the financial services provider’s stock valued at $200,000 after buying an additional 796 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of Colony Bankcorp by 172.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,508 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 954 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Colony Bankcorp by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 44,278 shares of the financial services provider’s stock valued at $562,000 after purchasing an additional 1,117 shares during the period. BNP Paribas Arbitrage SNC increased its holdings in shares of Colony Bankcorp by 27.5% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 5,274 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,137 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Colony Bankcorp by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 272,466 shares of the financial services provider’s stock valued at $3,457,000 after purchasing an additional 1,532 shares during the period. 50.30% of the stock is owned by hedge funds and other institutional investors.
About Colony Bankcorp
Colony Bankcorp, Inc is a bank holding company, which engages in the stockholder and investor relations functions through its subsidiary, Colony Bank. It operates through the following segments: Banking Division, Mortgage Division, and Small Business Specialty Lending Division. The Banking Division segment offers full service financial services including commercial loans, consumer loans and deposit accounts.
- Get a free copy of the StockNews.com research report on Colony Bankcorp (CBAN)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for Colony Bankcorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colony Bankcorp and related companies with MarketBeat.com's FREE daily email newsletter.