Colony Bankcorp (NASDAQ:CBAN) Stock Price Crosses Below 200 Day Moving Average of $11.40

Shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.40 and traded as low as $11.25. Colony Bankcorp shares last traded at $11.25, with a volume of 19,471 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th.

Colony Bankcorp Trading Down 1.1 %

The firm has a market cap of $197.55 million, a P/E ratio of 9.00 and a beta of 0.54. The company’s 50 day moving average is $10.97 and its two-hundred day moving average is $11.40. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.78 and a quick ratio of 0.77.

Colony Bankcorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a $0.112 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.98%. Colony Bankcorp’s dividend payout ratio is currently 36.00%.

Institutional Trading of Colony Bankcorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Colony Bankcorp during the fourth quarter worth $45,000. New York State Common Retirement Fund boosted its position in shares of Colony Bankcorp by 725.7% during the 4th quarter. New York State Common Retirement Fund now owns 7,737 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 6,800 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Colony Bankcorp during the 4th quarter valued at about $119,000. Panagora Asset Management Inc. bought a new stake in Colony Bankcorp in the third quarter valued at about $133,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Colony Bankcorp in the third quarter worth about $192,000. 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.