Colony Bankcorp (NYSE:CBAN) Insider Edward Canup Acquires 2,000 Shares of Stock

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup purchased 2,000 shares of Colony Bankcorp stock in a transaction dated Wednesday, August 19th. The stock was bought at an average cost of $21.62 per share, with a total value of $43,240.00. Following the completion of the purchase, the insider owned 39,702 shares in the company, valued at approximately $858,357.24. This trade represents a 5.30% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Colony Bankcorp Trading Down 0.6%

Shares of CBAN stock opened at $21.31 on Friday. Colony Bankcorp, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $22.46. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $452.22 million, a P/E ratio of 12.92 and a beta of 0.55. The stock has a 50-day simple moving average of $21.10 and a 200 day simple moving average of $20.43.

Colony Bankcorp (NYSE:CBAN) last issued its earnings results on Wednesday, July 22nd. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%. The firm had revenue of $42.03 million during the quarter, compared to analysts’ expectations of $40.90 million. On average, sell-side analysts expect that Colony Bankcorp, Inc. will post 1.92 earnings per share for the current fiscal year.

Colony Bankcorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 5th. Colony Bankcorp’s dividend payout ratio is currently 29.09%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CBAN. Wall Street Zen downgraded Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. 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. Zacks Research raised shares of Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Finally, Hovde Group boosted their price target on shares of Colony Bankcorp from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, Colony Bankcorp currently has a consensus rating of “Buy” and a consensus price target of $23.00.

Institutional Investors Weigh In On Colony Bankcorp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc acquired a new position in shares of Colony Bankcorp in the second quarter valued at $42,000. Public Employees Retirement System of Ohio acquired a new stake in Colony Bankcorp in the 3rd quarter valued at $44,000. BNP Paribas Financial Markets raised its stake 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. boosted its stake in shares of Colony Bankcorp by 83.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock valued at $61,000 after purchasing an additional 1,630 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of Colony Bankcorp during the 1st quarter worth about $89,000. Institutional investors and hedge funds own 50.37% of the company’s stock.

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.