Colony Bankcorp (NYSE:CBAN) Insider Buys $19,890.00 in Stock

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup acquired 1,000 shares of Colony Bankcorp stock in a transaction on Thursday, November 5th. The shares were purchased at an average price of $19.89 per share, for a total transaction of $19,890.00. Following the completion of the purchase, the insider directly owned 44,702 shares of the company’s stock, valued at approximately $889,122.78. This represents a 2.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Colony Bankcorp Price Performance

CBAN stock opened at $20.25 on Friday. The company’s 50-day moving average price is $20.56 and its two-hundred day moving average price is $20.43. The firm has a market cap of $429.75 million, a P/E ratio of 11.13 and a beta of 0.57. The company has a quick ratio of 0.88, a current 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.

Colony Bankcorp (NYSE:CBAN) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $42.64 million during 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, 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. Shareholders of record on Wednesday, November 11th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, November 10th. Colony Bankcorp’s payout ratio is currently 26.37%.

Wall Street Analyst Weigh In

CBAN has been the topic of a number of research analyst reports. Zacks Research downgraded Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. Weiss Ratings cut Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen raised Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Sunday, November 1st. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Colony Bankcorp has an average rating of “Moderate Buy” and an average price target of $23.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company bought a new position in Colony Bankcorp in the 2nd quarter valued at approximately $6,025,000. Empowered Funds LLC acquired a new stake in Colony Bankcorp in the second quarter valued at approximately $1,569,000. Bank of New York Mellon Corp acquired a new stake in Colony Bankcorp in the second quarter valued at approximately $1,343,000. Hsbc Holdings PLC bought a new stake in shares of Colony Bankcorp during the second quarter worth $1,103,000. Finally, Quantinno Capital Management LP grew its stake in shares of Colony Bankcorp by 67.1% during the first quarter. Quantinno Capital Management LP now owns 64,827 shares of the company’s stock worth $1,295,000 after buying an additional 26,031 shares during the last quarter. Institutional investors own 50.37% of the company’s stock.

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.