Colony Bankcorp, Inc. (NASDAQ:CBAN) Shares Sold by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC trimmed its position in shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 426,787 shares of the financial services provider’s stock after selling 5,571 shares during the quarter. Colony Bankcorp makes up 1.6% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 17th biggest holding. Pacific Ridge Capital Partners LLC’s holdings in Colony Bankcorp were worth $6,888,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Colony Bankcorp by 116.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,285 shares of the financial services provider’s stock worth $579,000 after buying an additional 20,031 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Colony Bankcorp by 3.3% during 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 during the last quarter. De Lisle Partners LLP raised its position in Colony Bankcorp by 105.8% during the third quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider’s stock worth $1,058,000 after acquiring an additional 35,000 shares during the last quarter. Martingale Asset Management L P grew its position in shares of Colony Bankcorp by 38.2% in the third quarter. Martingale Asset Management L P now owns 47,490 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 13,119 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Colony Bankcorp by 7.6% during the 3rd quarter. State Street Corp now owns 253,507 shares of the financial services provider’s stock worth $3,934,000 after purchasing an additional 17,865 shares in the last quarter. Institutional investors and hedge funds own 50.37% of the company’s stock.

Analyst Ratings Changes

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

Colony Bankcorp Stock Down 0.5 %

CBAN opened at $16.42 on Thursday. Colony Bankcorp, Inc. has a 52 week low of $10.33 and a 52 week high of $18.49. The firm has a market cap of $287.59 million, a P/E ratio of 12.16 and a beta of 0.63. The business’s fifty day simple moving average is $16.64 and its 200 day simple moving average is $16.26. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90.

Colony Bankcorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were paid a dividend of $0.115 per share. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 5th. This represents a $0.46 annualized dividend and a dividend yield of 2.80%. Colony Bankcorp’s dividend payout ratio is presently 34.07%.

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.