Colony Bankcorp, Inc. (NASDAQ:CBAN) Stock Holdings Increased by LSV Asset Management

LSV Asset Management raised its position in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 41.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 30,100 shares of the financial services provider’s stock after purchasing an additional 8,800 shares during the quarter. LSV Asset Management’s holdings in Colony Bankcorp were worth $486,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Colony Bankcorp during the fourth quarter worth $905,000. Barclays PLC lifted its position in shares of Colony Bankcorp by 49.5% in the 3rd quarter. Barclays PLC now owns 54,484 shares of the financial services provider’s stock worth $845,000 after buying an additional 18,048 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Colony Bankcorp by 137.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,103 shares of the financial services provider’s stock valued at $436,000 after buying an additional 16,246 shares during the period. Geode Capital Management LLC grew its position in shares of Colony Bankcorp by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 363,547 shares of the financial services provider’s stock valued at $5,643,000 after buying an additional 7,740 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in Colony Bankcorp during the fourth quarter worth about $266,000. Institutional investors and hedge funds own 50.37% of the company’s stock.

Colony Bankcorp Price Performance

Shares of CBAN opened at $14.22 on Tuesday. Colony Bankcorp, Inc. has a 12 month low of $10.33 and a 12 month high of $18.49. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a fifty day moving average price of $16.24 and a 200 day moving average price of $16.26. The company has a market cap of $249.13 million, a P/E ratio of 10.53 and a beta of 0.55.

Colony Bankcorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Wednesday, February 5th. This is a boost from Colony Bankcorp’s previous quarterly dividend of $0.11. Colony Bankcorp’s dividend payout ratio (DPR) is 34.07%.

Wall Street Analysts Forecast Growth

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

Colony Bankcorp 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.