Fourthstone LLC Reduces Holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Fourthstone LLC trimmed its position in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,495,429 shares of the financial services provider's stock after selling 21,156 shares during the quarter. Colony Bankcorp makes up 4.7% of Fourthstone LLC's portfolio, making the stock its 7th biggest holding. Fourthstone LLC owned 8.54% of Colony Bankcorp worth $24,136,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Zacks Investment Management grew its position in Colony Bankcorp by 6.2% during the fourth quarter. Zacks Investment Management now owns 212,617 shares of the financial services provider's stock valued at $3,432,000 after acquiring an additional 12,373 shares during the period. Barclays PLC boosted its holdings in Colony Bankcorp by 5.9% in the fourth quarter. Barclays PLC now owns 57,711 shares of the financial services provider's stock valued at $932,000 after purchasing an additional 3,227 shares during the last quarter. LSV Asset Management increased its stake in shares of Colony Bankcorp by 41.3% in the fourth quarter. LSV Asset Management now owns 30,100 shares of the financial services provider's stock worth $486,000 after buying an additional 8,800 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Colony Bankcorp in the fourth quarter valued at about $905,000. Finally, Martingale Asset Management L P increased its stake in Colony Bankcorp by 2.3% during 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 during the last quarter. Institutional investors and hedge funds own 50.37% of the company's stock.

Colony Bankcorp Stock Up 2.3 %

NASDAQ CBAN traded up $0.35 on Tuesday, reaching $15.09. The stock had a trading volume of 15,915 shares, compared to its average volume of 51,539. Colony Bankcorp, Inc. has a 1 year low of $10.52 and a 1 year high of $18.49. The business has a 50 day moving average price of $16.00 and a 200 day moving average price of $16.24. 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 company has a market capitalization of $264.29 million, a price-to-earnings ratio of 11.17 and a beta of 0.55.

Colony Bankcorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Wednesday, February 5th. This is a positive change from Colony Bankcorp's previous quarterly dividend of $0.11. Colony Bankcorp's dividend payout ratio is 34.07%.

Analyst Upgrades and Downgrades

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

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.