Mackenzie Financial Corp Takes Position in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Mackenzie Financial Corp acquired a new stake in Colony Bankcorp, Inc. (NASDAQ:CBAN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 29,557 shares of the financial services provider's stock, valued at approximately $477,000. Mackenzie Financial Corp owned 0.17% of Colony Bankcorp as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Colony Bankcorp by 152.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the financial services provider's stock valued at $33,000 after buying an additional 1,226 shares during the period. SG Americas Securities LLC acquired a new position in shares of Colony Bankcorp in the 4th quarter valued at about $113,000. Deutsche Bank AG acquired a new position in shares of Colony Bankcorp in the 4th quarter valued at about $143,000. Wells Fargo & Company MN lifted its holdings in shares of Colony Bankcorp by 27.9% in the 4th 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 during the period. Finally, Bailard Inc. acquired a new position in shares of Colony Bankcorp in the 4th quarter valued at about $266,000. Institutional investors and hedge funds own 50.37% of the company's stock.

Insider Buying and Selling

In other news, Director Paul E. Joiner III bought 6,150 shares of Colony Bankcorp stock in a transaction on Friday, May 30th. The stock was acquired at an average price of $15.01 per share, with a total value of $92,311.50. Following the completion of the acquisition, the director now directly owns 6,150 shares of the company's stock, valued at $92,311.50. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.62% of the stock is currently owned by insiders.

Colony Bankcorp Stock Performance

Shares of CBAN stock traded up $0.28 on Friday, hitting $15.56. The company had a trading volume of 39,916 shares, compared to its average volume of 55,276. The firm has a market cap of $271.41 million, a P/E ratio of 11.53 and a beta of 0.60. The company has a 50-day moving average price of $15.30 and a 200-day moving average price of $16.17. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90. Colony Bankcorp, Inc. has a twelve month low of $11.26 and a twelve month high of $18.49.

Colony Bankcorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were issued a $0.115 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.46 dividend on an annualized basis and a yield of 2.96%. 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.