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

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was acquired at an average cost of $21.20 per share, with a total value of $21,200.00. Following the transaction, the insider owned 41,702 shares of the company’s stock, valued at $884,082.40. This represents a 2.46% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Colony Bankcorp Stock Up 0.5%

CBAN stock opened at $21.27 on Friday. Colony Bankcorp, Inc. has a twelve month low of $15.80 and a twelve month high of $22.46. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average price of $21.15 and a two-hundred day moving average price of $20.45. The company has a market cap of $451.35 million, a price-to-earnings ratio of 12.89 and a beta of 0.55.

Colony Bankcorp (NYSE:CBAN) last posted 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 firm had revenue of $42.03 million for the quarter, compared to analyst estimates of $40.90 million. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%. Analysts anticipate that Colony Bankcorp, Inc. will post 1.92 EPS for the current fiscal year.

Colony Bankcorp Announces Dividend

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

Institutional Investors Weigh In On Colony Bankcorp

Hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in shares of Colony Bankcorp by 404.4% in the second quarter. California State Teachers Retirement System now owns 5,786 shares of the company’s stock worth $116,000 after purchasing an additional 4,639 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC boosted its stake in Colony Bankcorp by 2.6% in the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 57,904 shares of the company’s stock valued at $1,163,000 after acquiring an additional 1,474 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its holdings in Colony Bankcorp by 68.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 29,876 shares of the company’s stock valued at $600,000 after purchasing an additional 12,129 shares during the period. Hsbc Holdings PLC lifted its holdings in Colony Bankcorp by 66.7% during the second quarter. Hsbc Holdings PLC now owns 54,860 shares of the company’s stock valued at $1,103,000 after purchasing an additional 21,951 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in Colony Bankcorp in the 2nd quarter worth approximately $1,569,000. Institutional investors and hedge funds own 50.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings cut Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Zacks Research raised Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Colony Bankcorp presently has an average 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.