Colony Bankcorp Inc (NASDAQ:CBAN) CFO Terry L. Hester sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $16.00, for a total value of $48,000.00. Following the transaction, the chief financial officer now directly owns 98,873 shares in the company, valued at $1,581,968. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ:CBAN opened at $16.21 on Monday. The company has a market cap of $153.98 million, a P/E ratio of 11.58 and a beta of 0.68. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.81 and a quick ratio of 0.80. Colony Bankcorp Inc has a 1 year low of $12.29 and a 1 year high of $18.95. The stock’s fifty day moving average price is $15.70 and its 200-day moving average price is $16.18.
Colony Bankcorp (NASDAQ:CBAN) last posted its earnings results on Friday, October 18th. The financial services provider reported $0.35 earnings per share for the quarter. Colony Bankcorp had a return on equity of 10.89% and a net margin of 14.89%. The company had revenue of $16.69 million for the quarter.
Separately, ValuEngine raised Colony Bankcorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBAN. Lakeview Capital Partners LLC purchased a new position in Colony Bankcorp during the 2nd quarter valued at approximately $1,218,000. JPMorgan Chase & Co. lifted its stake in shares of Colony Bankcorp by 5,728.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,040 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 2,005 shares during the last quarter. Panagora Asset Management Inc. bought a new stake in shares of Colony Bankcorp during the 2nd quarter worth approximately $1,240,000. Context BH Capital Management LP lifted its stake in shares of Colony Bankcorp by 5.7% during the 2nd quarter. Context BH Capital Management LP now owns 12,037 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 649 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Colony Bankcorp during the 2nd quarter worth approximately $308,000. Institutional investors and hedge funds own 20.46% of the company’s stock.
Colony Bankcorp Company Profile
Colony Bankcorp, Inc operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and retail customers. It offers various deposit products, including demand, savings, and time deposits. The company also provides loans to small and medium-sized businesses; residential and commercial construction, and land development loans; commercial real estate loans; commercial loans; agri-business and production loans; residential mortgage loans; home equity loans; and consumer loans.
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