Banc Funds Co. LLC Has $14.06 Million Stock Position in Colony Bankcorp, Inc. (NASDAQ:CBAN)

Banc Funds Co. LLC lowered its position in Colony Bankcorp, Inc. (NASDAQ:CBAN) by 11.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 870,859 shares of the financial services provider’s stock after selling 112,954 shares during the period. Colony Bankcorp makes up about 1.6% of Banc Funds Co. LLC’s portfolio, making the stock its 19th largest position. Banc Funds Co. LLC’s holdings in Colony Bankcorp were worth $14,056,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CBAN. Geode Capital Management LLC grew its stake in 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 acquiring an additional 7,740 shares during the period. State Street Corp grew its position in shares of Colony Bankcorp by 7.6% in the 3rd quarter. State Street Corp now owns 253,507 shares of the financial services provider’s stock valued at $3,934,000 after purchasing an additional 17,865 shares during the period. Zacks Investment Management grew its position in shares of Colony Bankcorp by 6.2% in the 4th quarter. Zacks Investment Management now owns 212,617 shares of the financial services provider’s stock valued at $3,432,000 after purchasing an additional 12,373 shares during the period. Polaris Capital Management LLC increased its stake in 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 in the last quarter. Finally, American Century Companies Inc. raised its holdings in Colony Bankcorp by 4.6% during the 4th quarter. American Century Companies Inc. now owns 97,428 shares of the financial services provider’s stock worth $1,572,000 after buying an additional 4,306 shares during the period. Institutional investors and hedge funds own 50.37% of the company’s stock.

Analyst Ratings Changes

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

Colony Bankcorp Stock Performance

CBAN opened at $14.60 on Thursday. The company has a market capitalization of $255.79 million, a price-to-earnings ratio of 10.81 and a beta of 0.55. The business’s 50-day moving average price is $16.15 and its two-hundred day moving average price is $16.23. Colony Bankcorp, Inc. has a 1 year low of $10.33 and a 1 year 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.

Colony Bankcorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Wednesday, February 5th. This is a positive change from Colony Bankcorp’s previous quarterly dividend of $0.11. Colony Bankcorp’s dividend payout ratio (DPR) is currently 34.07%.

Colony Bankcorp Company Profile

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.