Raymond James Financial Inc. Takes Position in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Raymond James Financial Inc. purchased a new stake in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 56,094 shares of the financial services provider’s stock, valued at approximately $905,000. Raymond James Financial Inc. owned approximately 0.32% of Colony Bankcorp as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased 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 worth $721,000 after buying an additional 1,500 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Colony Bankcorp by 3.5% during 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 acquiring an additional 1,608 shares during the period. Empowered Funds LLC boosted its holdings in shares of Colony Bankcorp by 4.9% during the 4th quarter. Empowered Funds LLC now owns 37,233 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 1,755 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Colony Bankcorp in the fourth quarter worth approximately $113,000. Finally, Geode Capital Management LLC raised its holdings in shares of 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. 50.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Colony Bankcorp Stock Down 2.8 %

Colony Bankcorp stock opened at $14.66 on Friday. Colony Bankcorp, Inc. has a one year low of $10.33 and a one year high of $18.49. The stock has a fifty day moving average of $16.60 and a 200 day moving average of $16.29. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market cap of $256.76 million, a PE ratio of 10.86 and a beta of 0.63.

Colony Bankcorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Wednesday, February 5th. This is a boost from Colony Bankcorp’s previous quarterly dividend of $0.11. Colony Bankcorp’s dividend payout ratio is 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.