Colony Bankcorp (NYSE:CBAN) Insider Edward Canup Acquires 1,000 Shares

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup acquired 1,000 shares of Colony Bankcorp stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average price of $19.97 per share, with a total value of $19,970.00. Following the transaction, the insider owned 28,969 shares of the company’s stock, valued at $578,510.93. This trade represents a 3.58% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Colony Bankcorp Trading Down 2.3%

Shares of Colony Bankcorp stock opened at $19.66 on Thursday. Colony Bankcorp, Inc. has a 12-month low of $14.63 and a 12-month high of $21.61. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. The stock has a market cap of $416.13 million, a PE ratio of 12.29 and a beta of 0.61. The company has a 50-day moving average of $20.07 and a two-hundred day moving average of $18.64.

Colony Bankcorp (NYSE:CBAN) last issued its earnings results on Wednesday, April 22nd. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. Colony Bankcorp had a net margin of 14.83% and a return on equity of 10.68%. The company had revenue of $30.93 million during the quarter, compared to analysts’ expectations of $42.10 million. On average, research analysts anticipate that Colony Bankcorp, Inc. will post 1.91 EPS for the current fiscal year.

Colony Bankcorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, May 6th. This represents a $0.48 dividend on an annualized basis and a yield of 2.4%. Colony Bankcorp’s dividend payout ratio (DPR) is 30.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CBAN shares. Zacks Research raised shares of Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Colony Bankcorp in a research note on Friday, March 27th. Hovde Group raised their price objective on shares of Colony Bankcorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen cut shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Finally, Brean Capital raised shares of Colony Bankcorp from a “neutral” rating to a “buy” rating in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat, Colony Bankcorp has a consensus rating of “Buy” and an average target price of $23.00.

Institutional Investors Weigh In On Colony Bankcorp

A number of institutional investors have recently modified their holdings of CBAN. Fourthstone LLC lifted its stake in shares of Colony Bankcorp by 165.9% in the 4th quarter. Fourthstone LLC now owns 1,711,213 shares of the company’s stock worth $30,494,000 after acquiring an additional 1,067,540 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Colony Bankcorp in the 3rd quarter valued at approximately $3,148,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Colony Bankcorp in the 3rd quarter valued at approximately $1,583,000. Squarepoint Ops LLC purchased a new stake in shares of Colony Bankcorp in the 3rd quarter valued at approximately $1,016,000. Finally, Thomasville National Bank purchased a new stake in shares of Colony Bankcorp in the 4th quarter valued at approximately $1,015,000. Institutional investors own 50.37% of the company’s stock.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc is a bank holding company headquartered in Baxley, Georgia, that operates through its primary subsidiary, The Colony Bank. The company’s core focus is on delivering community banking services tailored to individuals, small businesses and agricultural customers throughout Georgia and Florida. Colony Bankcorp’s structure supports a full suite of deposit and lending solutions designed to meet the needs of local markets.

The company offers a range of deposit products, including personal and business checking accounts, savings and money market accounts, and certificates of deposit.