Colony Bankcorp Inc (NASDAQ:CBAN) Director Meagan M. Mowry acquired 3,245 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were bought at an average price of $11.08 per share, with a total value of $35,954.60. Following the transaction, the director now directly owns 3,245 shares in the company, valued at approximately $35,954.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ:CBAN opened at $10.67 on Friday. Colony Bankcorp Inc has a one year low of $8.70 and a one year high of $17.00. The stock has a fifty day moving average of $11.34 and a 200-day moving average of $12.59. The company has a market capitalization of $101.35 million, a PE ratio of 9.79 and a beta of 0.65. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.83 and a current ratio of 0.84.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, August 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.75%.

Separately, ValuEngine upgraded Colony Bankcorp from a “sell” rating to a “hold” rating in a research report on Tuesday, June 9th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CBAN. Citigroup Inc. increased its position in Colony Bankcorp by 700.5% during the fourth quarter. Citigroup Inc. now owns 1,489 shares of the financial services provider’s stock worth $25,000 after buying an additional 1,303 shares during the last quarter. Synovus Financial Corp acquired a new position in Colony Bankcorp during the first quarter worth $26,000. Victory Capital Management Inc. increased its position in Colony Bankcorp by 60.2% during the first quarter. Victory Capital Management Inc. now owns 3,548 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,333 shares during the last quarter. Rhumbline Advisers acquired a new position in Colony Bankcorp during the first quarter worth $144,000. Finally, JPMorgan Chase & Co. increased its position in Colony Bankcorp by 35.6% during the first quarter. JPMorgan Chase & Co. now owns 13,160 shares of the financial services provider’s stock worth $165,000 after buying an additional 3,458 shares during the last quarter. Institutional investors own 26.49% of the company’s stock.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and retail customers. It offers various deposit products, including demand, savings, and time deposits. The company also provides 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; and consumer loans.

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