Edward Canup Buys 1,000 Shares of Colony Bankcorp (NYSE:CBAN) Stock

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was acquired at an average price of $22.00 per share, with a total value of $22,000.00. Following the purchase, the insider owned 37,702 shares in the company, valued at $829,444. This represents a 2.72% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Colony Bankcorp Stock Performance

Shares of CBAN stock opened at $21.47 on Friday. The company has a market capitalization of $455.59 million, a P/E ratio of 13.01 and a beta of 0.55. The business’s 50 day moving average is $21.10 and its two-hundred day moving average is $20.44. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. Colony Bankcorp, Inc. has a 12-month low of $15.80 and a 12-month high of $22.46.

Colony Bankcorp (NYSE:CBAN) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $42.03 million for the quarter, compared to analyst estimates of $40.90 million. Colony Bankcorp had a return on equity of 10.40% and a net margin of 15.42%. Analysts expect that Colony Bankcorp, Inc. will post 1.92 EPS for the current fiscal year.

Colony Bankcorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, August 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.2%. Colony Bankcorp’s dividend payout ratio (DPR) is 29.09%.

Institutional Investors Weigh In On Colony Bankcorp

A number of hedge funds have recently modified their holdings of CBAN. Legal & General Group Plc acquired a new position in Colony Bankcorp during the second quarter worth about $42,000. Public Employees Retirement System of Ohio purchased a new stake in Colony Bankcorp during the 3rd quarter valued at about $44,000. BNP Paribas Financial Markets raised its holdings in Colony Bankcorp by 38.4% in 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. lifted its stake in Colony Bankcorp by 83.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock worth $61,000 after purchasing an additional 1,630 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new position in Colony Bankcorp in the 1st quarter worth approximately $89,000. 50.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Weiss Ratings lowered shares of Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Wall Street Zen downgraded shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research upgraded shares of Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Hovde Group boosted their target price 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. One research 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.com, Colony Bankcorp has an average rating of “Buy” and a consensus target price of $23.00.

About Colony Bankcorp

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.