Colony Bankcorp (NASDAQ:CBAN) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Colony Bankcorp, Inc. (NASDAQ:CBAN) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.69 and traded as high as $17.50. Colony Bankcorp shares last traded at $17.31, with a volume of 41,610 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a research note on Saturday, December 7th.

Colony Bankcorp Trading Down 0.3 %

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’s 50 day moving average is $16.50 and its two-hundred day moving average is $14.69. The stock has a market cap of $303.39 million, a price-to-earnings ratio of 13.85 and a beta of 0.61.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $44.69 million for the quarter, compared to the consensus estimate of $28.67 million. Colony Bankcorp had a return on equity of 8.86% and a net margin of 12.75%. During the same quarter last year, the business posted $0.34 EPS. Equities analysts anticipate that Colony Bankcorp, Inc. will post 1.38 EPS for the current year.

Colony Bankcorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.112 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.45 annualized dividend and a dividend yield of 2.59%. Colony Bankcorp’s dividend payout ratio is currently 36.00%.

Institutional Trading of Colony Bankcorp

Several hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake 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 valued at $721,000 after purchasing an additional 1,500 shares during the period. Empowered Funds LLC increased its position in Colony Bankcorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 35,478 shares of the financial services provider’s stock valued at $551,000 after acquiring an additional 1,742 shares during the period. Ritholtz Wealth Management raised its stake in Colony Bankcorp by 8.9% during the 2nd quarter. Ritholtz Wealth Management now owns 26,753 shares of the financial services provider’s stock valued at $328,000 after acquiring an additional 2,193 shares in the last quarter. Renaissance Technologies LLC boosted its position 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 acquiring an additional 3,300 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Colony Bankcorp by 15.4% in the second quarter. Bank of New York Mellon Corp now owns 58,044 shares of the financial services provider’s stock worth $711,000 after purchasing an additional 7,726 shares in the last quarter. 50.37% of the stock is currently owned by institutional investors.

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.