Colony Bankcorp (NASDAQ:CBAN) Downgraded to Hold at StockNews.com

StockNews.com lowered shares of Colony Bankcorp (NASDAQ:CBAN) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Colony Bankcorp Stock Down 1.8 %

Shares of NASDAQ:CBAN opened at $10.87 on Tuesday. Colony Bankcorp has a 1-year low of $8.59 and a 1-year high of $13.58. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.78 and a quick ratio of 0.77. The stock has a market cap of $190.88 million, a P/E ratio of 8.70 and a beta of 0.53. The firm has a fifty day moving average price of $10.98 and a 200 day moving average price of $11.35.

Colony Bankcorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a $0.112 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.45 dividend on an annualized basis and a yield of 4.12%. Colony Bankcorp’s dividend payout ratio (DPR) is 36.00%.

Hedge Funds Weigh In On Colony Bankcorp

Large investors have recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Colony Bankcorp during the fourth quarter worth about $45,000. New York State Common Retirement Fund increased its holdings in Colony Bankcorp by 725.7% during the 4th quarter. New York State Common Retirement Fund now owns 7,737 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 6,800 shares in the last quarter. SG Americas Securities LLC acquired a new position in Colony Bankcorp during the fourth quarter worth about $119,000. Panagora Asset Management Inc. purchased a new stake in shares of Colony Bankcorp in the third quarter valued at about $133,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Colony Bankcorp in the third quarter valued at approximately $192,000. Hedge funds and other 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.