Colony Bankcorp (NYSE:CBAN) Insider Buys $40,760.00 in Stock

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was bought at an average price of $20.38 per share, with a total value of $40,760.00. Following the transaction, the insider owned 43,702 shares of the company’s stock, valued at $890,646.76. This represents a 4.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Colony Bankcorp Trading Down 3.2%

Shares of NYSE CBAN traded down $0.67 during trading hours on Thursday, hitting $19.92. 159,444 shares of the company traded hands, compared to its average volume of 211,694. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. Colony Bankcorp, Inc. has a 12 month low of $15.90 and a 12 month high of $22.46. The stock has a market capitalization of $422.79 million, a price-to-earnings ratio of 10.95 and a beta of 0.57. The company’s 50 day moving average price is $20.61 and its 200 day moving average price is $20.42.

Colony Bankcorp (NYSE:CBAN) last announced its earnings results on Wednesday, October 28th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $42.64 million for the quarter, compared to the consensus estimate of $41.20 million. Colony Bankcorp had a net margin of 16.71% and a return on equity of 10.73%. On average, equities research analysts anticipate that Colony Bankcorp, Inc. will post 2.07 earnings per share for the current fiscal year.

Colony Bankcorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.48 annualized dividend and a yield of 2.4%. Colony Bankcorp’s dividend payout ratio is 26.37%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Zacks Research cut shares of Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. Wall Street Zen raised shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Weiss Ratings cut shares of Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Hedge Funds Weigh In On Colony Bankcorp

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Colony Bankcorp in the 2nd quarter valued at $46,935,000. Dimensional Fund Advisors LP raised its holdings in Colony Bankcorp by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 737,755 shares of the company’s stock valued at $14,732,000 after acquiring an additional 14,965 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Colony Bankcorp during the 2nd quarter worth $6,025,000. Hillsdale Investment Management Inc. lifted its holdings in Colony Bankcorp by 4.6% during the 1st quarter. Hillsdale Investment Management Inc. now owns 250,177 shares of the company’s stock worth $4,996,000 after buying an additional 10,920 shares during the last quarter. Finally, Algert Global LLC lifted its stake in Colony Bankcorp by 44.6% during the second quarter. Algert Global LLC now owns 227,476 shares of the company’s stock worth $4,570,000 after purchasing an additional 70,216 shares during the last quarter. 50.37% of the stock is currently owned by institutional investors and hedge funds.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc is a bank holding company headquartered in Fitzgerald, Georgia. Through its wholly owned subsidiary, Colony Bank, the company provides banking and financial services to individuals, families, businesses and institutions. Colony Bank has roots dating to 1935 and operates as a community-focused financial institution serving markets across Georgia and neighboring areas.

The bank offers a range of personal and business deposit accounts, consumer and commercial loans, mortgage lending, treasury management and other banking services.