Colony Bankcorp (NYSE:CBAN) Insider Acquires 2,000 Shares of Stock

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average price of $21.62 per share, for a total transaction of $43,240.00. Following the acquisition, the insider owned 39,702 shares in the company, valued at approximately $858,357.24. The trade was a 5.30% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Colony Bankcorp Stock Down 0.6%

Shares of NYSE CBAN traded down $0.13 during midday trading on Thursday, hitting $21.31. 123,519 shares of the company’s stock were exchanged, compared to its average volume of 237,548. The firm’s fifty day simple moving average is $21.08 and its 200-day simple moving average is $20.42. The company has a market cap of $452.20 million, a PE ratio of 12.92 and a beta of 0.55. Colony Bankcorp, Inc. has a twelve month low of $15.80 and a twelve month high of $22.46. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88.

Colony Bankcorp (NYSE:CBAN) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $42.03 million during the quarter, compared to the consensus estimate of $40.90 million. Colony Bankcorp had a return on equity of 10.40% and a net margin of 15.42%. Research analysts predict that Colony Bankcorp, Inc. will post 1.92 EPS for the current fiscal year.

Colony Bankcorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were issued a $0.12 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $0.48 annualized dividend and a dividend yield of 2.3%. Colony Bankcorp’s dividend payout ratio is presently 29.09%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc purchased a new stake in shares of Colony Bankcorp in the second quarter valued at about $42,000. Public Employees Retirement System of Ohio purchased a new position in shares of Colony Bankcorp during the third quarter worth about $44,000. BNP Paribas Financial Markets raised its stake in Colony Bankcorp by 38.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock valued at $57,000 after acquiring an additional 969 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Colony Bankcorp by 83.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock valued at $61,000 after acquiring an additional 1,630 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in Colony Bankcorp by 49.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock valued at $80,000 after acquiring an additional 1,494 shares during the last quarter. 50.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CBAN shares. Wall Street Zen downgraded shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings downgraded shares of Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Hovde Group raised their price objective on Colony Bankcorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Zacks Research upgraded Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $23.00.

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.