Colony Bankcorp (NASDAQ:CBAN) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Colony Bankcorp, Inc. (NASDAQ:CBAN) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.22 and traded as low as $16.11. Colony Bankcorp shares last traded at $16.27, with a volume of 123,859 shares traded.

Analysts Set New Price Targets

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

Colony Bankcorp Stock Performance

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 business has a 50-day simple moving average of $16.55 and a 200-day simple moving average of $16.23. The firm has a market capitalization of $284.96 million, a PE ratio of 12.05 and a beta of 0.63.

Colony Bankcorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.115 per share. The ex-dividend date was Wednesday, February 5th. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a yield of 2.83%. Colony Bankcorp’s dividend payout ratio is 34.07%.

Institutional Investors Weigh In On Colony Bankcorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC raised its holdings in shares of Colony Bankcorp by 0.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 144,584 shares of the financial services provider’s stock worth $2,334,000 after buying an additional 955 shares during the period. Martingale Asset Management L P raised its holdings in shares of Colony Bankcorp by 2.3% in the fourth quarter. Martingale Asset Management L P now owns 48,598 shares of the financial services provider’s stock worth $784,000 after buying an additional 1,108 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Colony Bankcorp by 152.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the financial services provider’s stock worth $33,000 after buying an additional 1,226 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Colony Bankcorp by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider’s stock worth $721,000 after buying an additional 1,500 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Colony Bankcorp by 3.5% in the fourth quarter. Bank of New York Mellon Corp now owns 47,185 shares of the financial services provider’s stock worth $762,000 after buying an additional 1,608 shares during the period. 50.37% of the stock is currently owned by hedge funds and other institutional investors.

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.