Colony Bankcorp (NYSE:CBAN) Insider Acquires $21,200.00 in Stock

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average price of $21.20 per share, for a total transaction of $21,200.00. Following the completion of the transaction, the insider directly owned 41,702 shares of the company’s stock, valued at $884,082.40. The trade was a 2.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Colony Bankcorp Stock Up 0.2%

Shares of NYSE CBAN opened at $21.34 on Friday. Colony Bankcorp, Inc. has a 12-month low of $15.80 and a 12-month high of $22.46. The stock has a market cap of $452.83 million, a PE ratio of 12.93 and a beta of 0.55. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $21.17 and a 200 day moving average of $20.45.

Colony Bankcorp (NYSE:CBAN) last released 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. The business had revenue of $42.03 million for the quarter, compared to analyst estimates of $40.90 million. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%. As a group, sell-side analysts predict that Colony Bankcorp, Inc. will post 1.92 EPS for the current fiscal year.

Colony Bankcorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, August 5th. Colony Bankcorp’s dividend payout ratio (DPR) is currently 29.09%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CBAN shares. Zacks Research raised Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research note 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, Weiss Ratings lowered Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $23.00.

Institutional Investors Weigh In On Colony Bankcorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBAN. Legal & General Group Plc purchased a new position in shares of Colony Bankcorp during the 2nd quarter worth $42,000. Public Employees Retirement System of Ohio purchased a new stake in Colony Bankcorp in the 3rd quarter valued at about $44,000. BNP Paribas Financial Markets raised its holdings in Colony Bankcorp by 38.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock valued at $57,000 after buying an additional 969 shares during the period. Russell Investments Group Ltd. lifted its position in Colony Bankcorp by 83.0% in the third quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock valued at $61,000 after buying an additional 1,630 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in Colony Bankcorp in the first quarter valued at about $89,000. Hedge funds and other institutional investors 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.