19,927 Shares in Colony Bankcorp, Inc. (NASDAQ:CBAN) Purchased by LPL Financial LLC

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

A number of other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Colony Bankcorp in the fourth quarter valued at approximately $113,000. Fiduciary Alliance LLC purchased a new stake in Colony Bankcorp during the fourth quarter worth approximately $239,000. Bailard Inc. purchased a new stake in Colony Bankcorp during the fourth quarter worth approximately $266,000. JPMorgan Chase & Co. grew its stake in Colony Bankcorp by 137.0% during the third quarter. JPMorgan Chase & Co. now owns 28,103 shares of the financial services provider's stock worth $436,000 after buying an additional 16,246 shares during the period. Finally, Empowered Funds LLC grew its stake in Colony Bankcorp by 4.9% during the fourth 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. Institutional investors and hedge funds own 50.37% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Colony Bankcorp from a "hold" rating to a "buy" rating in a research note on Thursday, January 9th.

Colony Bankcorp Stock Down 0.3 %

Shares of CBAN stock traded down $0.05 on Thursday, hitting $15.47. The stock had a trading volume of 19,017 shares, compared to its average volume of 52,284. The stock's 50 day moving average is $15.73 and its 200-day moving average is $16.24. The firm has a market capitalization of $270.45 million, a price-to-earnings ratio of 11.43 and a beta of 0.55. Colony Bankcorp, Inc. has a 52-week low of $10.88 and a 52-week 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. The ex-dividend date is Wednesday, May 7th. This represents a $0.46 annualized dividend and a dividend yield of 2.97%. Colony Bankcorp's dividend payout ratio is presently 32.17%.

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.