Colony Bankcorp (NASDAQ:CBAN) Shares Cross Below 200 Day Moving Average – Should You Sell?

Colony Bankcorp, Inc. (NASDAQ:CBAN)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.30 and traded as low as $15.15. Colony Bankcorp shares last traded at $15.25, with a volume of 26,332 shares changing hands.

Colony Bankcorp Stock Performance

The stock’s 50-day simple moving average is $15.54 and its 200 day simple moving average is $16.30. 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 company has a market capitalization of $265.92 million, a PE ratio of 11.29 and a beta of 0.62.

Colony Bankcorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Wednesday, May 7th. Colony Bankcorp’s dividend payout ratio is presently 32.17%.

Institutional Investors Weigh In On Colony Bankcorp

A number of large investors have recently modified their holdings of CBAN. JPMorgan Chase & Co. increased its position in shares of Colony Bankcorp by 137.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,103 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 16,246 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Colony Bankcorp in the 4th quarter valued at approximately $113,000. Empowered Funds LLC grew its position in shares of Colony Bankcorp by 4.9% in the 4th quarter. Empowered Funds LLC now owns 37,233 shares of the financial services provider’s stock valued at $601,000 after buying an additional 1,755 shares during the last quarter. Polaris Capital Management LLC grew its position in shares of Colony Bankcorp by 7.0% in the 4th quarter. Polaris Capital Management LLC now owns 133,179 shares of the financial services provider’s stock valued at $2,150,000 after buying an additional 8,700 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Colony Bankcorp by 3.5% in 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 buying an additional 1,608 shares during the last quarter. 50.37% of the stock is owned by hedge funds and other institutional investors.

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.