Colony Bankcorp Inc (NASDAQ:CBAN) Director Meagan M. Mowry purchased 3,245 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was acquired at an average price of $11.08 per share, with a total value of $35,954.60. Following the purchase, the director now directly owns 3,245 shares in the company, valued at approximately $35,954.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of CBAN stock opened at $10.67 on Friday. The firm has a market capitalization of $101.73 million, a PE ratio of 11.11 and a beta of 0.65. The stock has a fifty day simple moving average of $11.34 and a two-hundred day simple moving average of $12.59. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.83 and a current ratio of 0.84. Colony Bankcorp Inc has a 52-week low of $8.70 and a 52-week high of $17.00.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, August 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.75%.

Separately, ValuEngine upgraded Colony Bankcorp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 9th.

Several institutional investors have recently modified their holdings of the company. State Street Corp grew its position in shares of Colony Bankcorp by 3.4% during the first quarter. State Street Corp now owns 94,631 shares of the financial services provider’s stock valued at $1,183,000 after purchasing an additional 3,117 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Colony Bankcorp by 88.2% during the first quarter. Wells Fargo & Company MN now owns 19,410 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 9,095 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Colony Bankcorp by 7.9% during the first quarter. Geode Capital Management LLC now owns 73,406 shares of the financial services provider’s stock valued at $917,000 after purchasing an additional 5,374 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Colony Bankcorp by 60.2% during the first quarter. Victory Capital Management Inc. now owns 3,548 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,333 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Colony Bankcorp by 35.6% during the first quarter. JPMorgan Chase & Co. now owns 13,160 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 3,458 shares in the last quarter. Hedge funds and other institutional investors own 26.49% of the company’s stock.

About Colony Bankcorp

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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