Colony Bankcorp (NASDAQ:CBAN) Stock Price Crosses Below Two Hundred Day Moving Average of $17.42

Colony Bankcorp, Inc. (NASDAQ:CBANGet Rating)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.42 and traded as low as $15.62. Colony Bankcorp shares last traded at $15.80, with a volume of 116,582 shares.

Separately, initiated coverage on shares of Colony Bankcorp in a research report on Saturday, March 26th. They set a “hold” rating for the company.

The firm has a market cap of $277.86 million, a P/E ratio of 10.46 and a beta of 0.52. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $16.64 and its two-hundred day moving average is $17.42.

Colony Bankcorp (NASDAQ:CBANGet Rating) last posted its quarterly earnings data on Thursday, April 21st. The financial services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). Colony Bankcorp had a return on equity of 11.06% and a net margin of 16.92%. The business had revenue of $28.34 million during the quarter, compared to the consensus estimate of $30.72 million. Equities research analysts anticipate that Colony Bankcorp, Inc. will post 1.68 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 20th. Shareholders of record on Friday, May 6th were paid a $0.108 dividend. This represents a $0.43 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Thursday, May 5th. Colony Bankcorp’s dividend payout ratio (DPR) is presently 28.48%.

Several hedge funds have recently made changes to their positions in the company. FJ Capital Management LLC bought a new position in Colony Bankcorp in the first quarter worth approximately $7,525,000. Wellington Management Group LLP acquired a new position in shares of Colony Bankcorp during the first quarter worth approximately $6,442,000. Petiole USA ltd bought a new position in shares of Colony Bankcorp in the 1st quarter worth $4,645,000. The Manufacturers Life Insurance Company acquired a new stake in Colony Bankcorp in the 1st quarter valued at $4,937,000. Finally, Vanguard Group Inc. increased its stake in Colony Bankcorp by 44.3% during the 1st quarter. Vanguard Group Inc. now owns 666,900 shares of the financial services provider’s stock valued at $12,451,000 after purchasing an additional 204,590 shares in the last quarter. 28.33% of the stock is owned by institutional investors.

Colony Bankcorp Company Profile (NASDAQ:CBAN)

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 various 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.

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