JPMorgan Chase & Co. Has $1.01 Million Stock Holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN)

JPMorgan Chase & Co. raised its position in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN - Free Report) by 123.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,806 shares of the financial services provider's stock after acquiring an additional 34,703 shares during the period. JPMorgan Chase & Co. owned approximately 0.36% of Colony Bankcorp worth $1,014,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC bought a new stake in shares of Colony Bankcorp in the fourth quarter valued at about $322,000. American Century Companies Inc. raised its holdings in Colony Bankcorp by 4.6% in the 4th quarter. American Century Companies Inc. now owns 97,428 shares of the financial services provider's stock valued at $1,572,000 after acquiring an additional 4,306 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Colony Bankcorp by 25.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,772 shares of the financial services provider's stock worth $755,000 after acquiring an additional 9,487 shares during the period. Raymond James Financial Inc. bought a new position in Colony Bankcorp in the fourth quarter worth $905,000. Finally, Bailard Inc. bought a new position in shares of Colony Bankcorp during the 4th quarter worth about $266,000. Institutional investors own 50.37% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Colony Bankcorp from a "hold" rating to a "buy" rating in a research report on Thursday, January 9th.

Colony Bankcorp Price Performance

Shares of NASDAQ CBAN traded up $0.28 during trading on Friday, reaching $15.76. The company had a trading volume of 5,464 shares, compared to its average volume of 52,305. The business's 50 day moving average price is $15.70 and its 200-day moving average price is $16.24. Colony Bankcorp, Inc. has a 52 week low of $10.97 and a 52 week high of $18.49. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market cap of $275.52 million, a PE ratio of 11.64 and a beta of 0.55.

Colony Bankcorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 2.92%. The ex-dividend date is Wednesday, May 7th. Colony Bankcorp's dividend payout ratio is 32.17%.

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.