Barclays PLC Increases Stock Position in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Barclays PLC grew its position in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,711 shares of the financial services provider’s stock after purchasing an additional 3,227 shares during the quarter. Barclays PLC owned approximately 0.33% of Colony Bankcorp worth $932,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. LSV Asset Management boosted its position in shares of Colony Bankcorp by 41.3% in the 4th quarter. LSV Asset Management now owns 30,100 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 8,800 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Colony Bankcorp in the fourth quarter valued at approximately $905,000. Martingale Asset Management L P boosted 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 valued at $784,000 after acquiring an additional 1,108 shares during the period. Wells Fargo & Company MN grew its position in shares of Colony Bankcorp by 27.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,721 shares of the financial services provider’s stock worth $157,000 after acquiring an additional 2,118 shares during the last quarter. Finally, Trexquant Investment LP increased its holdings in shares of Colony Bankcorp by 4.1% in the 4th quarter. Trexquant Investment LP now owns 69,067 shares of the financial services provider’s stock valued at $1,115,000 after acquiring an additional 2,703 shares during the period. Institutional investors and hedge funds own 50.37% of the company’s stock.

Colony Bankcorp Stock Performance

NASDAQ CBAN opened at $15.71 on Tuesday. The firm has a market cap of $274.64 million, a P/E ratio of 11.64 and a beta of 0.55. Colony Bankcorp, Inc. has a 52-week low of $11.21 and a 52-week high of $18.49. The business’s 50-day moving average price is $15.66 and its 200 day moving average price is $16.25. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90.

Colony Bankcorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be paid a $0.115 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $0.46 annualized dividend and a dividend yield of 2.93%. Colony Bankcorp’s dividend payout ratio (DPR) is currently 32.17%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of 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.