Somewhat Positive Media Coverage Extremely Likely to Impact Colony Bankcorp (CBAN) Stock Price
News headlines about Colony Bankcorp (NASDAQ:CBAN) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Colony Bankcorp earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the immediate future.
Shares of Colony Bankcorp (NASDAQ CBAN) traded up 1.44% on Friday, hitting $13.70. 741 shares of the stock traded hands. The firm has a market cap of $115.61 million, a P/E ratio of 15.93 and a beta of 0.99. Colony Bankcorp has a 12-month low of $9.37 and a 12-month high of $14.55. The firm’s 50-day moving average is $13.56 and its 200 day moving average is $13.54.
Colony Bankcorp (NASDAQ:CBAN) last released its quarterly earnings data on Wednesday, April 19th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter. Colony Bankcorp had a return on equity of 10.22% and a net margin of 16.05%. The firm had revenue of $11.86 million during the quarter.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 2nd were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Wednesday, May 31st. Colony Bankcorp’s payout ratio is presently 11.49%.
Separately, ValuEngine upgraded shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd.
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In other news, insider Terry L. Hester sold 2,500 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $13.51, for a total transaction of $33,775.00. Following the sale, the insider now owns 117,364 shares in the company, valued at $1,585,587.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.07% of the stock is currently owned by corporate insiders.
Colony Bankcorp Company Profile
Colony Bankcorp, Inc (Colony) is a bank holding company. The Company operates through its subsidiary, Colony Bank (the Bank). The Bank offers traditional banking products and services to commercial and consumer customers in its markets. The Bank’s product line includes loans to small and medium-sized businesses, residential and commercial construction and land development loans, commercial real estate loans, commercial loans, agri-business and production loans, residential mortgage loans, home equity loans, consumer loans and a range of demand, savings and time deposit products, among others.
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