Colony Bankcorp (NYSE:CBAN) Insider Acquires $22,000.00 in Stock

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup acquired 1,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was bought at an average cost of $22.00 per share, with a total value of $22,000.00. Following the completion of the purchase, the insider owned 37,702 shares of the company’s stock, valued at approximately $829,444. The trade was a 2.72% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Colony Bankcorp Stock Up 0.4%

CBAN stock opened at $21.47 on Friday. The firm has a market capitalization of $455.59 million, a PE ratio of 13.01 and a beta of 0.55. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. Colony Bankcorp, Inc. has a twelve month low of $15.80 and a twelve month high of $22.46. The stock’s 50 day moving average is $21.10 and its 200-day moving average is $20.44.

Colony Bankcorp (NYSE:CBAN) last announced its quarterly 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 business had revenue of $42.03 million during the quarter, compared to the consensus estimate of $40.90 million. Colony Bankcorp had a return on equity of 10.40% and a net margin of 15.42%. Sell-side analysts expect that Colony Bankcorp, Inc. will post 1.92 EPS for the current fiscal year.

Colony Bankcorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were paid a $0.12 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $0.48 annualized dividend and a dividend yield of 2.2%. Colony Bankcorp’s dividend payout ratio is presently 29.09%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Legal & General Group Plc purchased a new stake in shares of Colony Bankcorp during the 2nd quarter valued at $42,000. Public Employees Retirement System of Ohio purchased a new position in shares of Colony Bankcorp in the 3rd quarter worth about $44,000. BNP Paribas Financial Markets grew its position in Colony Bankcorp by 38.4% during the second 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. grew its position in Colony Bankcorp by 83.0% during 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 period. Finally, Rockefeller Capital Management L.P. increased its holdings in Colony Bankcorp by 49.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock worth $80,000 after buying an additional 1,494 shares during the last quarter. Institutional investors own 50.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CBAN. Wall Street Zen lowered shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research raised shares of Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings lowered shares of Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, Colony Bankcorp presently has an average 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.