Colony Bankcorp (NASDAQ:CBAN) Stock Price Crosses Below 200 Day Moving Average of $11.40

Colony Bankcorp, Inc. (NASDAQ:CBAN) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.40 and traded as low as $11.25. Colony Bankcorp shares last traded at $11.25, with a volume of 19,471 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th.

Colony Bankcorp Price Performance

The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.94. The company’s fifty day moving average price is $10.97 and its 200 day moving average price is $11.40. The company has a market capitalization of $197.55 million, a P/E ratio of 9.00 and a beta of 0.54.

Colony Bankcorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.112 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.45 dividend on an annualized basis and a yield of 3.98%. Colony Bankcorp’s dividend payout ratio (DPR) is presently 36.00%.

Institutional Trading of Colony Bankcorp

Several large investors have recently modified their holdings of the stock. Empowered Funds LLC raised its stake in Colony Bankcorp by 7.8% in the first quarter. Empowered Funds LLC now owns 31,396 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 2,275 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Colony Bankcorp in the 4th quarter valued at approximately $45,000. Hsbc Holdings PLC raised its position in shares of Colony Bankcorp by 23.3% in the 3rd quarter. Hsbc Holdings PLC now owns 20,660 shares of the financial services provider’s stock valued at $208,000 after buying an additional 3,903 shares in the last quarter. Trexquant Investment LP lifted its holdings in shares of Colony Bankcorp by 31.1% during the 4th quarter. Trexquant Investment LP now owns 27,777 shares of the financial services provider’s stock worth $369,000 after acquiring an additional 6,586 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of 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 worth $103,000 after acquiring an additional 6,800 shares in the last quarter. 50.37% of the stock is owned by institutional investors and hedge funds.

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.