D. E. Shaw & Co. Inc. Sells 8,702 Shares of Colony Bankcorp, Inc. (NASDAQ:CBAN)

D. E. Shaw & Co. Inc. cut its stake in Colony Bankcorp, Inc. (NASDAQ:CBAN) by 24.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,527 shares of the financial services provider’s stock after selling 8,702 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.15% of Colony Bankcorp worth $428,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CBAN. JPMorgan Chase & Co. raised its stake in shares of Colony Bankcorp by 137.0% in the third quarter. JPMorgan Chase & Co. now owns 28,103 shares of the financial services provider’s stock worth $436,000 after purchasing an additional 16,246 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Colony Bankcorp during the fourth quarter valued at approximately $113,000. Empowered Funds LLC increased its position in shares of Colony Bankcorp by 4.9% during the fourth quarter. Empowered Funds LLC now owns 37,233 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 1,755 shares during the last quarter. Polaris Capital Management LLC increased its position in shares of Colony Bankcorp by 7.0% during the fourth quarter. Polaris Capital Management LLC now owns 133,179 shares of the financial services provider’s stock valued at $2,150,000 after acquiring an additional 8,700 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Colony Bankcorp by 3.5% during the fourth quarter. Bank of New York Mellon Corp now owns 47,185 shares of the financial services provider’s stock valued at $762,000 after acquiring an additional 1,608 shares during the last quarter. 50.37% of the stock is owned by hedge funds and other institutional investors.

Colony Bankcorp Stock Performance

Shares of CBAN opened at $15.23 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $265.64 million, a price-to-earnings ratio of 11.28 and a beta of 0.62. The stock has a 50 day moving average of $15.50 and a 200 day moving average of $16.27. Colony Bankcorp, Inc. has a 12 month low of $11.26 and a 12 month high of $18.49.

Colony Bankcorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Wednesday, May 7th. Colony Bankcorp’s payout ratio is 32.17%.

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.