LPL Financial LLC Invests $322,000 in Colony Bankcorp, Inc. (NASDAQ:CBAN)

LPL Financial LLC bought a new stake in Colony Bankcorp, Inc. (NASDAQ:CBAN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,927 shares of the financial services provider's stock, valued at approximately $322,000. LPL Financial LLC owned approximately 0.11% of Colony Bankcorp as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in shares of 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 purchasing an additional 1,608 shares during the period. Empowered Funds LLC lifted its position in Colony Bankcorp by 4.9% in 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 in the last quarter. American Century Companies Inc. increased its stake in shares of Colony Bankcorp by 4.6% in the fourth quarter. American Century Companies Inc. now owns 97,428 shares of the financial services provider's stock worth $1,572,000 after acquiring an additional 4,306 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Colony Bankcorp during the fourth quarter worth $113,000. Finally, Geode Capital Management LLC boosted its position in Colony Bankcorp by 2.2% during the third quarter. Geode Capital Management LLC now owns 363,547 shares of the financial services provider's stock valued at $5,643,000 after purchasing an additional 7,740 shares during the last quarter. Institutional investors and hedge funds own 50.37% of the company's stock.

Colony Bankcorp Stock Up 1.8 %

CBAN traded up $0.28 during midday trading on Friday, hitting $15.76. 5,464 shares of the company's stock traded hands, compared to its average volume of 52,305. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80. The company has a market cap of $275.52 million, a PE ratio of 11.64 and a beta of 0.55. The stock's fifty day simple moving average is $15.70 and its 200-day simple moving average is $16.24. Colony Bankcorp, Inc. has a one year low of $10.97 and a one year high of $18.49.

Colony Bankcorp Dividend Announcement

The firm 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 is Wednesday, May 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.92%. Colony Bankcorp's dividend payout ratio is currently 32.17%.

Analysts Set New Price Targets

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

Colony Bankcorp 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.