Colony Bankcorp (NYSE:CBAN) Insider Edward Canup Purchases 1,000 Shares

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average cost of $21.20 per share, with a total value of $21,200.00. Following the acquisition, the insider directly owned 41,702 shares of the company’s stock, valued at $884,082.40. This trade represents a 2.46% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Colony Bankcorp Price Performance

Shares of CBAN stock opened at $21.11 on Thursday. The company has a market capitalization of $447.98 million, a PE ratio of 12.79 and a beta of 0.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88. Colony Bankcorp, Inc. has a 12 month low of $15.80 and a 12 month high of $22.46. The firm’s 50-day moving average is $21.14 and its two-hundred day moving average is $20.45.

Colony Bankcorp (NYSE:CBAN) last posted its earnings results on Wednesday, July 22nd. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $42.03 million for the quarter, compared to analysts’ expectations of $40.90 million. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%. Analysts predict that Colony Bankcorp, Inc. will post 1.92 earnings per share for the current year.

Colony Bankcorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $0.48 dividend on an annualized basis and a yield of 2.3%. Colony Bankcorp’s payout ratio is presently 29.09%.

Hedge Funds Weigh In On Colony Bankcorp

A number of institutional investors and hedge funds have recently made changes to their positions in CBAN. Quantinno Capital Management LP boosted its holdings in shares of Colony Bankcorp by 67.1% in the first quarter. Quantinno Capital Management LP now owns 64,827 shares of the company’s stock valued at $1,295,000 after acquiring an additional 26,031 shares during the period. Nicholas Hoffman & Company LLC. acquired a new stake in Colony Bankcorp during the 1st quarter worth $1,068,000. Oppenheimer & Close LLC purchased a new position in Colony Bankcorp during the 4th quarter worth $958,000. De Lisle Partners LLP purchased a new position in Colony Bankcorp during the 2nd quarter worth $935,000. Finally, Globeflex Capital L P acquired a new position in Colony Bankcorp in the second quarter valued at $885,000. 50.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CBAN shares. Zacks Research upgraded Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Wall Street Zen downgraded Colony Bankcorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings lowered shares of Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, 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.