Colony Bankcorp (NASDAQ:CBAN) Stock Price Crosses Below 200-Day Moving Average of $11.26

Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.26 and traded as low as $10.55. Colony Bankcorp shares last traded at $10.72, with a volume of 49,631 shares.

Analyst Ratings Changes

Separately, StockNews.com downgraded Colony Bankcorp from a "buy" rating to a "hold" rating in a research note on Tuesday, February 6th.

Colony Bankcorp Trading Down 0.8 %

The firm has a 50 day simple moving average of $11.18 and a 200 day simple moving average of $11.26. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.77 and a current ratio of 0.78. The firm has a market cap of $186.66 million, a P/E ratio of 8.57 and a beta of 0.53.

Colony Bankcorp (NASDAQ:CBAN - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. The firm had revenue of $28.18 million during the quarter. Colony Bankcorp had a return on equity of 9.32% and a net margin of 13.55%. On average, equities research analysts predict that Colony Bankcorp, Inc. will post 1.4 EPS for the current fiscal year.

Colony Bankcorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were given a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Tuesday, February 6th. This is an increase from Colony Bankcorp's previous quarterly dividend of $0.11. Colony Bankcorp's dividend payout ratio (DPR) is 36.29%.

Institutional Trading of Colony Bankcorp

A number of large investors have recently modified their holdings of the business. Advisor Group Holdings Inc. raised its holdings in shares of Colony Bankcorp by 172.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,508 shares of the financial services provider's stock valued at $28,000 after buying an additional 954 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in Colony Bankcorp in the 4th quarter worth approximately $45,000. BNP Paribas Arbitrage SA purchased a new position in Colony Bankcorp in the 2nd quarter worth approximately $62,000. Royal Bank of Canada increased its stake in Colony Bankcorp by 5,594.9% in the 1st quarter. Royal Bank of Canada now owns 4,499 shares of the financial services provider's stock worth $84,000 after purchasing an additional 4,420 shares during the period. Finally, UBS Group AG purchased a new position in Colony Bankcorp in the 4th quarter worth approximately $60,000. Institutional investors own 50.37% of the company's stock.

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.