Colony Bankcorp (NYSE:CBAN) Insider Purchases $40,760.00 in Stock

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were acquired at an average price of $20.38 per share, with a total value of $40,760.00. Following the purchase, the insider directly owned 43,702 shares in the company, valued at $890,646.76. This represents a 4.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Colony Bankcorp Stock Up 1.5%

Colony Bankcorp stock opened at $20.25 on Friday. Colony Bankcorp, Inc. has a 1-year low of $15.90 and a 1-year high of $22.46. The firm has a market capitalization of $429.75 million, a price-to-earnings ratio of 11.13 and a beta of 0.57. The firm’s fifty day moving average price is $20.56 and its two-hundred day moving average price is $20.43. 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 (NYSE:CBAN) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $42.64 million for the quarter, compared to analysts’ expectations of $41.20 million. Colony Bankcorp had a net margin of 16.71% and a return on equity of 10.73%. On average, equities research analysts predict that Colony Bankcorp, Inc. will post 2.07 earnings per share for the current fiscal year.

Colony Bankcorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $0.48 annualized dividend and a dividend yield of 2.4%. Colony Bankcorp’s dividend payout ratio is presently 26.37%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue grew its holdings in shares of Colony Bankcorp by 75.5% during the third quarter. State of Alaska Department of Revenue now owns 1,783 shares of the company’s stock worth $35,000 after purchasing an additional 767 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Colony Bankcorp by 15.2% in the first quarter. PNC Financial Services Group Inc. now owns 8,694 shares of the company’s stock worth $174,000 after purchasing an additional 1,146 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised 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 purchasing an additional 1,474 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Colony Bankcorp by 49.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock valued at $80,000 after purchasing an additional 1,494 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Colony Bankcorp during the second quarter valued at approximately $42,000. 50.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CBAN has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. Weiss Ratings lowered Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen raised Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Sunday, November 1st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

About Colony Bankcorp

Colony Bankcorp, Inc is a bank holding company headquartered in Fitzgerald, Georgia. Through its wholly owned subsidiary, Colony Bank, the company provides banking and financial services to individuals, families, businesses and institutions. Colony Bank has roots dating to 1935 and operates as a community-focused financial institution serving markets across Georgia and neighboring areas.

The bank offers a range of personal and business deposit accounts, consumer and commercial loans, mortgage lending, treasury management and other banking services.