Colony Bankcorp, Inc. (NASDAQ:CBAN) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 579,078 shares of the financial services provider's stock after acquiring an additional 25,505 shares during the period. Dimensional Fund Advisors LP owned 3.31% of Colony Bankcorp worth $9,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Martingale Asset Management L P lifted its stake in shares of Colony Bankcorp by 2.3% in the 4th quarter. Martingale Asset Management L P now owns 48,598 shares of the financial services provider's stock worth $784,000 after acquiring an additional 1,108 shares during the period. Bank of New York Mellon Corp increased its position in Colony Bankcorp by 3.5% in the 4th 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 in the last quarter. Empowered Funds LLC grew its position in shares of Colony Bankcorp by 4.9% during the 4th quarter. Empowered Funds LLC now owns 37,233 shares of the financial services provider's stock worth $601,000 after buying an additional 1,755 shares during the period. Wells Fargo & Company MN lifted its stake in Colony Bankcorp by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,721 shares of the financial services provider's stock valued at $157,000 after buying an additional 2,118 shares in the last quarter. Finally, Trexquant Investment LP raised its position in shares of Colony Bankcorp by 4.1% in the fourth quarter. Trexquant Investment LP now owns 69,067 shares of the financial services provider's stock valued at $1,115,000 after purchasing an additional 2,703 shares during the period. Hedge funds and other institutional investors own 50.37% of the company's stock.

Colony Bankcorp Price Performance

Shares of CBAN traded up $0.02 during mid-day trading on Thursday, reaching $16.20. The company had a trading volume of 7,322 shares, compared to its average volume of 53,201. The company's 50 day simple moving average is $15.56 and its 200 day simple moving average is $16.27. The company has a market capitalization of $283.21 million, a price-to-earnings ratio of 11.99 and a beta of 0.62. Colony Bankcorp, Inc. has a 1-year low of $11.26 and a 1-year 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.

Colony Bankcorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Wednesday, May 7th. Colony Bankcorp's payout ratio is 32.17%.

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.