JPMorgan Chase & Co. Has $436,000 Stock Position in Colony Bankcorp, Inc. (NASDAQ:CBAN)

JPMorgan Chase & Co. increased its holdings in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 137.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,103 shares of the financial services provider’s stock after buying an additional 16,246 shares during the quarter. JPMorgan Chase & Co. owned 0.16% of Colony Bankcorp worth $436,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBAN. Charles Schwab Investment Management Inc. increased its holdings in shares of Colony Bankcorp by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider’s stock worth $721,000 after acquiring an additional 1,500 shares in the last quarter. Empowered Funds LLC raised its holdings in Colony Bankcorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 35,478 shares of the financial services provider’s stock worth $551,000 after buying an additional 1,742 shares during the period. Renaissance Technologies LLC raised its holdings in Colony Bankcorp by 3.6% during the 2nd quarter. Renaissance Technologies LLC now owns 95,078 shares of the financial services provider’s stock worth $1,165,000 after buying an additional 3,300 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Colony Bankcorp by 2.2% in 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 buying an additional 7,740 shares during the period. Finally, Ritholtz Wealth Management increased its position in shares of Colony Bankcorp by 40.0% during the third quarter. Ritholtz Wealth Management now owns 37,452 shares of the financial services provider’s stock worth $581,000 after acquiring an additional 10,699 shares in the last quarter. 50.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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 0.2 %

CBAN stock opened at $17.05 on Wednesday. The business has a 50-day moving average of $16.58 and a 200-day moving average of $15.56. Colony Bankcorp, Inc. has a fifty-two week low of $10.33 and a fifty-two week high of $18.49. The stock has a market capitalization of $298.85 million, a P/E ratio of 12.63 and a beta of 0.62. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80.

Colony Bankcorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th will be paid a dividend of $0.115 per share. This is a boost from Colony Bankcorp’s previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Wednesday, February 5th. Colony Bankcorp’s dividend payout ratio (DPR) is currently 33.33%.

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.