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

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

Colony Bankcorp Price Performance

Colony Bankcorp stock opened at $21.31 on Friday. The stock has a fifty day moving average of $21.10 and a 200-day moving average of $20.43. The stock has a market capitalization of $452.22 million, a P/E ratio of 12.92 and a beta of 0.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 0.88. Colony Bankcorp, Inc. has a 52 week low of $15.80 and a 52 week high of $22.46.

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

Colony Bankcorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors 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 annualized dividend and a yield of 2.3%. Colony Bankcorp’s dividend payout ratio (DPR) is currently 29.09%.

Hedge Funds Weigh In On Colony Bankcorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc bought a new stake in Colony Bankcorp during the 2nd quarter valued at $42,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Colony Bankcorp in the third quarter worth $44,000. BNP Paribas Financial Markets raised its holdings in shares of 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 in the last quarter. Russell Investments Group Ltd. increased its position in shares of Colony Bankcorp by 83.0% in the third 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 during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in Colony Bankcorp by 49.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock worth $80,000 after buying an additional 1,494 shares in the last quarter. Institutional investors own 50.37% of the company’s stock.

Analyst Ratings Changes

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