Edward Canup Buys 1,000 Shares of Colony Bankcorp (NYSE:CBAN) Stock

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup purchased 1,000 shares of Colony Bankcorp stock in a transaction dated Thursday, August 20th. The stock was bought at an average cost of $21.25 per share, with a total value of $21,250.00. Following the completion of the transaction, the insider directly owned 40,702 shares of the company’s stock, valued at $864,917.50. This represents a 2.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Colony Bankcorp Stock Performance

CBAN stock opened at $21.47 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $455.59 million, a P/E ratio of 13.01 and a beta of 0.55. The firm has a 50 day simple moving average of $21.10 and a 200 day simple moving average of $20.44. Colony Bankcorp, Inc. has a 52 week low of $15.80 and a 52 week high of $22.46.

Colony Bankcorp (NYSE:CBAN) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $42.03 million for the quarter, compared to the consensus estimate of $40.90 million. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%. Research analysts anticipate that Colony Bankcorp, Inc. will post 1.92 earnings per share for the current fiscal year.

Colony Bankcorp Announces Dividend

The business also recently declared 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 2.2%. The ex-dividend date was Wednesday, August 5th. Colony Bankcorp’s payout ratio is currently 29.09%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Colony Bankcorp during the second quarter valued at about $46,935,000. Fourthstone LLC grew its position in shares of Colony Bankcorp by 165.9% in the fourth quarter. Fourthstone LLC now owns 1,711,213 shares of the company’s stock valued at $30,494,000 after purchasing an additional 1,067,540 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Colony Bankcorp in the second quarter worth about $6,025,000. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Colony Bankcorp in the third quarter worth about $3,148,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Colony Bankcorp during the 2nd quarter worth about $1,783,000. Institutional investors own 50.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CBAN. Weiss Ratings downgraded 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 Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Wall Street Zen downgraded Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Hovde Group upped their target price on Colony Bankcorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Colony Bankcorp currently has a consensus rating of “Buy” and an average target price of $23.00.

About Colony Bankcorp

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.