Colony Bankcorp, Inc. (NASDAQ:CBAN) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,185 shares of the financial services provider’s stock after buying an additional 1,608 shares during the quarter. Bank of New York Mellon Corp owned about 0.27% of Colony Bankcorp worth $762,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CBAN. Charles Schwab Investment Management Inc. lifted its holdings in Colony Bankcorp by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider’s stock valued at $721,000 after purchasing an additional 1,500 shares in the last quarter. Empowered Funds LLC boosted its position 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 acquiring an additional 1,755 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Colony Bankcorp in the 4th quarter worth approximately $113,000. Geode Capital Management LLC raised its holdings in Colony Bankcorp by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 363,547 shares of the financial services provider’s stock valued at $5,643,000 after acquiring an additional 7,740 shares during the last quarter. Finally, Polaris Capital Management LLC lifted its stake in shares of Colony Bankcorp by 7.0% during the 4th quarter. Polaris Capital Management LLC now owns 133,179 shares of the financial services provider’s stock worth $2,150,000 after purchasing an additional 8,700 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 raised Colony Bankcorp from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th.

Colony Bankcorp Trading Down 0.5 %

NASDAQ CBAN opened at $16.42 on Thursday. The company has a market cap of $287.59 million, a P/E ratio of 12.16 and a beta of 0.63. Colony Bankcorp, Inc. has a 12 month low of $10.33 and a 12 month high of $18.49. 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 50-day moving average of $16.64 and a 200-day moving average of $16.26.

Colony Bankcorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were paid a dividend of $0.115 per share. The ex-dividend date was Wednesday, February 5th. This represents a $0.46 dividend on an annualized basis and a yield of 2.80%. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11. Colony Bankcorp’s dividend payout ratio (DPR) is currently 34.07%.

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.