Signaturefd LLC Cuts Position in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Signaturefd LLC cut its stake in Colony Bankcorp, Inc. (NASDAQ:CBAN) by 71.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,004 shares of the financial services provider’s stock after selling 60,000 shares during the period. Signaturefd LLC owned about 0.14% of Colony Bankcorp worth $319,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC boosted its position in Colony Bankcorp by 5.3% during the third quarter. Pacific Ridge Capital Partners LLC now owns 515,943 shares of the financial services provider’s stock valued at $5,157,000 after buying an additional 26,030 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Colony Bankcorp during the third quarter valued at about $192,000. Ritholtz Wealth Management purchased a new stake in Colony Bankcorp during the fourth quarter valued at about $197,000. Panagora Asset Management Inc. purchased a new stake in Colony Bankcorp during the third quarter valued at about $133,000. Finally, SG Americas Securities LLC purchased a new stake in Colony Bankcorp during the fourth quarter valued at about $119,000. 50.37% of the stock is currently owned by hedge funds and other institutional investors.

Colony Bankcorp Stock Performance

Colony Bankcorp stock opened at $10.80 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average of $11.00 and a 200-day moving average of $11.31. The firm has a market cap of $189.65 million, a P/E ratio of 8.64 and a beta of 0.53. Colony Bankcorp, Inc. has a 1-year low of $8.59 and a 1-year high of $13.58.

Colony Bankcorp (NASDAQ:CBAN) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $0.31 earnings per share for the quarter. The company had revenue of $28.18 million during the quarter. Colony Bankcorp had a net margin of 13.17% and a return on equity of 9.37%.

Colony Bankcorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be issued a dividend of $0.112 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 4.15%. Colony Bankcorp’s dividend payout ratio is currently 36.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a research report on Monday, April 22nd.

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.