Insider Buying: Colony Bankcorp (NYSE:CBAN) Insider Purchases $21,250.00 in Stock

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average price of $21.25 per share, for a total transaction of $21,250.00. Following the purchase, the insider owned 40,702 shares in the company, valued at $864,917.50. This represents a 2.52% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Colony Bankcorp Stock Up 0.4%

NYSE:CBAN opened at $21.47 on Friday. The firm has a market cap of $455.59 million, a P/E ratio of 13.01 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 fifty-two week low of $15.80 and a fifty-two week high of $22.46. The firm has a 50-day simple moving average of $21.10 and a two-hundred day simple moving average of $20.44.

Colony Bankcorp (NYSE:CBAN) last issued its 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. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%. The business had revenue of $42.03 million during the quarter, compared to analysts’ expectations of $40.90 million. Analysts predict that Colony Bankcorp, Inc. will post 1.92 earnings per share for the current fiscal year.

Colony Bankcorp Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CBAN shares. Weiss Ratings cut Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered Colony Bankcorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded shares of Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research note 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, the company presently has an average rating of “Buy” and a consensus target price of $23.00.

Institutional Investors Weigh In On Colony Bankcorp

A number of large investors have recently added to or reduced their stakes in CBAN. Legal & General Group Plc purchased a new stake in Colony Bankcorp during the 2nd quarter valued at $42,000. Public Employees Retirement System of Ohio purchased a new position in shares of Colony Bankcorp in the 3rd quarter worth $44,000. BNP Paribas Financial Markets boosted its stake 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 worth $57,000 after buying an additional 969 shares during the last quarter. Russell Investments Group Ltd. grew its holdings 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 acquiring an additional 1,630 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Colony Bankcorp by 49.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock worth $80,000 after acquiring an additional 1,494 shares during the period. Institutional investors own 50.37% of the company’s stock.

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.