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

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup acquired 2,000 shares of the stock in a transaction on Thursday, July 30th. The shares were bought at an average price of $21.80 per share, for a total transaction of $43,600.00. Following the purchase, the insider owned 36,702 shares in the company, valued at approximately $800,103.60. This trade represents a 5.76% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Colony Bankcorp Stock Performance

NYSE:CBAN opened at $22.19 on Wednesday. The company has a market cap of $469.56 million, a price-to-earnings ratio of 13.45 and a beta of 0.55. Colony Bankcorp, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $22.40. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.88 and a current ratio of 0.89. The stock has a fifty day moving average price of $20.65 and a 200-day moving average price of $20.17.

Colony Bankcorp (NYSE:CBAN) last issued its quarterly 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 10.67%. The company had revenue of $42.03 million during the quarter, compared to the consensus estimate of $40.90 million. As a group, equities analysts anticipate that Colony Bankcorp, Inc. will post 1.92 EPS for the current fiscal year.

Colony Bankcorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.2%. Colony Bankcorp’s payout ratio is 29.09%.

Institutional Trading of Colony Bankcorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fourthstone LLC raised its holdings in Colony Bankcorp by 165.9% in the 4th quarter. Fourthstone LLC now owns 1,711,213 shares of the company’s stock valued at $30,494,000 after buying an additional 1,067,540 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Colony Bankcorp during the third quarter valued at $3,148,000. Squarepoint Ops LLC bought a new position in shares of Colony Bankcorp during the third quarter valued at $1,016,000. Thomasville National Bank acquired a new position in shares of Colony Bankcorp during the fourth quarter worth $1,015,000. Finally, Allen Mooney & Barnes Investment Advisors LLC acquired a new position in shares of Colony Bankcorp during the fourth quarter worth $1,006,000. 50.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Zacks Research raised Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Weiss Ratings raised Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, May 15th. Wall Street Zen raised shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Hovde Group raised their price target on shares of Colony Bankcorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, Colony Bankcorp has an average rating of “Buy” and a consensus 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.