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

Colony Bankcorp, Inc. (NASDAQ:CBAN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.17 and traded as low as $15.80. Colony Bankcorp shares last traded at $15.80, with a volume of 106,427 shares changing hands.

Wall Street Analysts Forecast Growth

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 Stock Up 0.8 %

The company has a market cap of $279.97 million, a PE ratio of 11.84 and a beta of 0.63. 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’s fifty day simple moving average is $16.45 and its 200-day simple moving average is $16.16.

Colony Bankcorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Wednesday, February 5th. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11. Colony Bankcorp’s dividend payout ratio is 34.07%.

Hedge Funds Weigh In On Colony Bankcorp

Several institutional investors and hedge funds have recently modified their holdings of CBAN. Tower Research Capital LLC TRC lifted its stake 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 valued at $33,000 after buying an additional 1,226 shares during the period. SG Americas Securities LLC purchased a new position in shares of Colony Bankcorp during the fourth quarter valued at approximately $113,000. Deutsche Bank AG purchased a new position in shares of Colony Bankcorp during the fourth quarter valued at approximately $143,000. Wells Fargo & Company MN lifted its stake in shares of Colony Bankcorp by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,721 shares of the financial services provider’s stock valued at $157,000 after buying an additional 2,118 shares during the period. Finally, Fiduciary Alliance LLC purchased a new position in shares of Colony Bankcorp during the fourth quarter valued at approximately $239,000. Hedge funds and other institutional investors own 50.37% of the company’s stock.

Colony Bankcorp Company 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.