Colony Bankcorp (NASDAQ:CBAN) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Colony Bankcorp, Inc. (NASDAQ:CBAN) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.22 and traded as low as $16.11. Colony Bankcorp shares last traded at $16.27, with a volume of 123,859 shares.

Analysts Set New Price Targets

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

Colony Bankcorp Price Performance

The firm has a fifty day simple moving average of $16.55 and a 200 day simple moving average of $16.23. The company has a market capitalization of $284.96 million, a PE ratio of 12.05 and a beta of 0.63. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81.

Colony Bankcorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Wednesday, February 5th. This is a boost from Colony Bankcorp’s previous quarterly dividend of $0.11. Colony Bankcorp’s dividend payout ratio (DPR) is 34.07%.

Institutional Trading of Colony Bankcorp

Several hedge funds and other institutional investors have recently bought and sold shares of CBAN. Raymond James Financial Inc. bought a new stake in Colony Bankcorp during the 4th quarter valued at $905,000. De Lisle Partners LLP boosted its position in shares of Colony Bankcorp by 105.8% in the 3rd quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider’s stock worth $1,058,000 after purchasing an additional 35,000 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Colony Bankcorp by 123.5% during the 4th quarter. JPMorgan Chase & Co. now owns 62,806 shares of the financial services provider’s stock worth $1,014,000 after buying an additional 34,703 shares during the last quarter. Mackenzie Financial Corp purchased a new position in Colony Bankcorp during the 4th quarter worth $477,000. Finally, Dimensional Fund Advisors LP grew its stake in Colony Bankcorp by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 579,078 shares of the financial services provider’s stock worth $9,347,000 after buying an additional 25,505 shares during the last quarter. Institutional investors own 50.37% of the company’s stock.

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.