Colony Bankcorp (NYSE:CBAN) Insider Edward Canup Purchases 2,000 Shares

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The shares were bought at an average price of $21.80 per share, for a total transaction of $43,600.00. Following the transaction, the insider directly owned 36,702 shares in the company, valued at $800,103.60. This trade represents a 5.76% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Colony Bankcorp Stock Performance

CBAN opened at $21.89 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.68. The company’s fifty day moving average price is $20.61 and its two-hundred day moving average price is $20.15. The company has a market cap of $463.19 million, a price-to-earnings ratio of 13.27 and a beta of 0.55. Colony Bankcorp, Inc. has a 1-year low of $15.80 and a 1-year high of $22.29.

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, topping the consensus estimate of $0.48 by $0.04. The business 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 10.67% and a net margin of 15.42%. On average, analysts expect that Colony Bankcorp, Inc. will post 1.92 EPS for the current fiscal year.

Colony Bankcorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $0.48 annualized dividend and a dividend yield of 2.2%. Colony Bankcorp’s payout ratio is 29.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings upgraded Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, May 15th. Hovde Group boosted their price target on shares of Colony Bankcorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Zacks Research raised Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, Colony Bankcorp has an average rating of “Buy” and a consensus target price of $23.00.

Institutional Investors Weigh In On Colony Bankcorp

Several hedge funds and other institutional investors have recently modified their holdings of CBAN. Fourthstone LLC boosted its position in shares of Colony Bankcorp by 165.9% in the fourth quarter. Fourthstone LLC now owns 1,711,213 shares of the company’s stock worth $30,494,000 after purchasing an additional 1,067,540 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in Colony Bankcorp during the 3rd quarter valued at approximately $3,148,000. Squarepoint Ops LLC bought a new stake in Colony Bankcorp in the third quarter worth $1,016,000. Thomasville National Bank bought a new position in shares of Colony Bankcorp in the 4th quarter valued at about $1,015,000. Finally, Allen Mooney & Barnes Investment Advisors LLC purchased a new position in shares of Colony Bankcorp in the 4th quarter worth approximately $1,006,000. 50.37% of the stock is currently owned by hedge funds and other institutional investors.

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.