O Shaughnessy Asset Management LLC Has $1.01 Million Stock Holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN)

O Shaughnessy Asset Management LLC decreased its position in Colony Bankcorp, Inc. (NASDAQ:CBAN) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,333 shares of the financial services provider’s stock after selling 4,680 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.36% of Colony Bankcorp worth $1,006,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Colony Bankcorp by 123.5% in the 4th quarter. JPMorgan Chase & Co. now owns 62,806 shares of the financial services provider’s stock worth $1,014,000 after acquiring an additional 34,703 shares during the period. LPL Financial LLC acquired a new stake in shares of Colony Bankcorp in the fourth quarter valued at about $322,000. American Century Companies Inc. increased its stake in shares of Colony Bankcorp by 4.6% in the fourth quarter. American Century Companies Inc. now owns 97,428 shares of the financial services provider’s stock worth $1,572,000 after purchasing an additional 4,306 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Colony Bankcorp by 25.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,772 shares of the financial services provider’s stock worth $755,000 after purchasing an additional 9,487 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Colony Bankcorp during the 4th quarter worth about $905,000. 50.37% of the stock is currently owned by institutional investors and hedge funds.

Colony Bankcorp Trading Up 0.6 %

Shares of Colony Bankcorp stock opened at $14.75 on Tuesday. The company has a market cap of $258.40 million, a price-to-earnings ratio of 10.93 and a beta of 0.55. Colony Bankcorp, Inc. has a 1 year low of $10.33 and a 1 year high of $18.49. The company’s fifty day simple moving average is $16.56 and its 200-day simple moving average is $16.30. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90.

Colony Bankcorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were issued a dividend of $0.115 per share. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.46 annualized dividend and a dividend yield of 3.12%. Colony Bankcorp’s payout ratio is presently 34.07%.

Analyst Ratings Changes

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

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.