Insider Buying: Colony Bankcorp (NYSE:CBAN) Insider Acquires $43,600.00 in Stock

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup acquired 2,000 shares of the stock in a transaction on Thursday, July 30th. The stock was bought at an average price of $21.80 per share, with a total value of $43,600.00. Following the transaction, the insider directly owned 36,702 shares in the company, valued at approximately $800,103.60. This represents a 5.76% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Colony Bankcorp Trading Down 0.4%

CBAN stock opened at $22.08 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.68. Colony Bankcorp, Inc. has a twelve month low of $15.80 and a twelve month high of $22.40. The company has a market cap of $467.30 million, a P/E ratio of 13.38 and a beta of 0.55. The business has a fifty day moving average of $20.70 and a 200-day moving average of $20.20.

Colony Bankcorp (NYSE:CBAN) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. Colony Bankcorp had a return on equity of 10.67% and a net margin of 15.42%.The firm had revenue of $42.03 million during the quarter, compared to analysts’ expectations of $40.90 million. As a group, equities research analysts expect that Colony Bankcorp, Inc. will post 1.92 EPS for the current year.

Colony Bankcorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, August 5th. Colony Bankcorp’s payout ratio is 29.09%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in shares of Colony Bankcorp during the third quarter worth $44,000. BNP Paribas Financial Markets lifted its holdings in Colony Bankcorp by 38.4% during the second quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock worth $57,000 after acquiring an additional 969 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Colony Bankcorp by 83.0% during the third quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock worth $61,000 after acquiring an additional 1,630 shares in the last quarter. Rockefeller Capital Management L.P. grew 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 acquiring an additional 1,494 shares during the period. Finally, NewEdge Advisors LLC acquired a new position in Colony Bankcorp in the first quarter valued at about $89,000. Institutional investors and hedge funds own 50.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on CBAN shares. Weiss Ratings raised shares of Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, May 15th. Wall Street Zen raised Colony Bankcorp from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Hovde Group lifted their price objective on Colony Bankcorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Zacks Research upgraded Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target 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.