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

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average cost of $21.20 per share, with a total value of $21,200.00. Following the purchase, the insider owned 41,702 shares in the company, valued at approximately $884,082.40. This trade represents a 2.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Colony Bankcorp Trading Down 0.3%

CBAN traded down $0.07 during trading hours on Wednesday, reaching $21.11. The company’s stock had a trading volume of 127,195 shares, compared to its average volume of 235,363. Colony Bankcorp, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $22.46. The stock has a market cap of $447.95 million, a PE ratio of 12.79 and a beta of 0.55. The business’s 50-day moving average is $21.12 and its 200-day moving average is $20.45. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88.

Colony Bankcorp (NYSE:CBAN) last posted its earnings results on Wednesday, July 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $42.03 million during the quarter, compared to analysts’ expectations of $40.90 million. Colony Bankcorp had a return on equity of 10.40% and a net margin of 15.42%. As a group, equities research analysts predict that Colony Bankcorp, Inc. will post 1.92 earnings per share for the current fiscal year.

Colony Bankcorp Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, August 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.3%. Colony Bankcorp’s dividend payout ratio is currently 29.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CBAN shares. Zacks Research raised shares of Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Wall Street Zen downgraded shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings lowered Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, Colony Bankcorp currently has a consensus rating of “Buy” and an average price target of $23.00.

Institutional Trading of Colony Bankcorp

A number of large investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in Colony Bankcorp by 153.9% in the first quarter. AQR Capital Management LLC now owns 28,466 shares of the company’s stock valued at $460,000 after purchasing an additional 17,253 shares during the period. Goldman Sachs Group Inc. grew its stake in Colony Bankcorp by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 98,128 shares of the company’s stock worth $1,585,000 after purchasing an additional 9,226 shares in the last quarter. Empowered Funds LLC increased its holdings in Colony Bankcorp by 28.8% during the 1st quarter. Empowered Funds LLC now owns 47,942 shares of the company’s stock worth $774,000 after purchasing an additional 10,709 shares during the period. Jane Street Group LLC increased its holdings in Colony Bankcorp by 46.8% during the 1st quarter. Jane Street Group LLC now owns 41,462 shares of the company’s stock worth $670,000 after purchasing an additional 13,216 shares during the period. Finally, Geode Capital Management LLC raised its position in Colony Bankcorp by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 367,897 shares of the company’s stock valued at $6,060,000 after purchasing an additional 10,798 shares in the last quarter. Hedge funds and other institutional investors own 50.37% of the company’s stock.

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.