Colony Bankcorp (NASDAQ:CBAN) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.25 and traded as low as $15.41. Colony Bankcorp shares last traded at $15.71, with a volume of 85,558 shares.

Colony Bankcorp Price Performance

The stock has a market capitalization of $272.19 million, a price-to-earnings ratio of 11.53 and a beta of 0.62. 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 stock has a 50-day simple moving average of $15.57 and a 200 day simple moving average of $16.26.

Colony Bankcorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.46 annualized dividend and a dividend yield of 2.95%. Colony Bankcorp's dividend payout ratio is 32.17%.

Institutional Investors Weigh In On Colony Bankcorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC raised its stake in shares of Colony Bankcorp by 55.6% in the first quarter. CWM LLC now owns 2,102 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 751 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Colony Bankcorp by 0.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 144,584 shares of the financial services provider's stock valued at $2,334,000 after purchasing an additional 955 shares in the last quarter. Martingale Asset Management L P raised its stake 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 purchasing an additional 1,108 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Colony Bankcorp by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 48,332 shares of the financial services provider's stock valued at $781,000 after purchasing an additional 1,147 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Colony Bankcorp by 152.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 1,226 shares in the last quarter. 50.37% of the stock is currently 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.