Somewhat Positive Media Coverage Somewhat Unlikely to Impact Colony Bankcorp (CBAN) Stock Price
Media coverage about Colony Bankcorp (NASDAQ:CBAN) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Colony Bankcorp earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.6245544545323 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Colony Bankcorp (CBAN) remained flat at $13.35 on Tuesday. 6,220 shares of the stock were exchanged. The company has a market capitalization of $112.66 million, a P/E ratio of 14.20 and a beta of 1.02. Colony Bankcorp has a 52-week low of $9.45 and a 52-week high of $14.55. The company has a 50-day moving average of $13.53 and a 200 day moving average of $13.63.
Colony Bankcorp (NASDAQ:CBAN) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.28 earnings per share for the quarter. The business had revenue of $12.21 million for the quarter. Colony Bankcorp had a return on equity of 10.42% and a net margin of 16.40%.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.025 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.10 annualized dividend and a yield of 0.75%. Colony Bankcorp’s payout ratio is presently 10.64%.
Separately, ValuEngine downgraded Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Thursday, July 6th.
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In other Colony Bankcorp news, insider Terry L. Hester sold 2,500 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $13.90, for a total transaction of $34,750.00. Following the sale, the insider now owns 112,373 shares in the company, valued at approximately $1,561,984.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.07% of the stock is currently owned by insiders.
About Colony Bankcorp
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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