Colony Bankcorp (NASDAQ:CBAN) Stock Crosses Below 200 Day Moving Average – What’s Next?

Shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.37 and traded as low as $15.81. Colony Bankcorp shares last traded at $16.0410, with a volume of 61,948 shares trading hands.

Analyst Ratings Changes

Separately, Hovde Group increased their target price on Colony Bankcorp from $19.50 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $21.00.

Colony Bankcorp Trading Up 0.7%

The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90. The firm has a market cap of $280.09 million, a price-to-earnings ratio of 11.88 and a beta of 0.66. The business has a 50 day moving average price of $16.96 and a 200-day moving average price of $16.37.

Colony Bankcorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th will be paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Wednesday, November 5th. Colony Bankcorp’s dividend payout ratio (DPR) is 28.93%.

Institutional Investors Weigh In On Colony Bankcorp

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in Colony Bankcorp by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 367,897 shares of the financial services provider’s stock valued at $6,060,000 after purchasing an additional 10,798 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Colony Bankcorp by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 286,561 shares of the financial services provider’s stock valued at $4,720,000 after purchasing an additional 2,313 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in Colony Bankcorp by 29.2% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 280,657 shares of the financial services provider’s stock valued at $4,622,000 after purchasing an additional 63,400 shares in the last quarter. American Century Companies Inc. grew its stake in Colony Bankcorp by 39.8% during the 2nd quarter. American Century Companies Inc. now owns 218,878 shares of the financial services provider’s stock valued at $3,605,000 after purchasing an additional 62,322 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in Colony Bankcorp by 2.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 132,883 shares of the financial services provider’s stock valued at $2,189,000 after purchasing an additional 3,411 shares in the last quarter. Institutional investors and hedge funds own 50.37% of the company’s stock.

Colony Bankcorp Company 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.