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

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup bought 1,000 shares of the firm’s stock in a transaction on Thursday, November 5th. The shares were purchased at an average price of $19.89 per share, for a total transaction of $19,890.00. Following the completion of the transaction, the insider owned 44,702 shares of the company’s stock, valued at $889,122.78. This represents a 2.29% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Colony Bankcorp Stock Down 3.2%

Colony Bankcorp stock opened at $19.92 on Friday. Colony Bankcorp, Inc. has a fifty-two week low of $15.90 and a fifty-two week high of $22.46. The firm has a market capitalization of $422.77 million, a price-to-earnings ratio of 10.35 and a beta of 0.57. The stock’s fifty day moving average is $20.59 and its two-hundred day moving average is $20.42. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 0.88.

Colony Bankcorp (NYSE:CBAN) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. Colony Bankcorp had a return on equity of 10.73% and a net margin of 16.71%. The business had revenue of $42.64 million during the quarter, compared to the consensus estimate of $41.20 million. Analysts predict that Colony Bankcorp, Inc. will post 2.07 EPS for the current fiscal year.

Colony Bankcorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, November 10th. Colony Bankcorp’s dividend payout ratio (DPR) is 26.37%.

Institutional Investors Weigh In On Colony Bankcorp

Several hedge funds have recently modified their holdings of CBAN. State of Alaska Department of Revenue grew its holdings in shares of Colony Bankcorp by 75.5% during the third quarter. State of Alaska Department of Revenue now owns 1,783 shares of the company’s stock worth $35,000 after buying an additional 767 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Colony Bankcorp in the second quarter valued at approximately $42,000. Rockefeller Capital Management L.P. lifted its stake in shares of Colony Bankcorp by 49.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock valued at $80,000 after buying an additional 1,494 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Colony Bankcorp during the first quarter valued at approximately $89,000. Finally, Versant Capital Management Inc lifted its stake in shares of Colony Bankcorp by 762.5% during the second quarter. Versant Capital Management Inc now owns 5,175 shares of the company’s stock valued at $104,000 after buying an additional 4,575 shares during the period. 50.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CBAN. Wall Street Zen upgraded shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a research report on Sunday, November 1st. Zacks Research lowered shares of Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. Finally, Weiss Ratings cut shares of Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

About Colony Bankcorp

Colony Bankcorp, Inc is a bank holding company headquartered in Fitzgerald, Georgia. Through its wholly owned subsidiary, Colony Bank, the company provides banking and financial services to individuals, families, businesses and institutions. Colony Bank has roots dating to 1935 and operates as a community-focused financial institution serving markets across Georgia and neighboring areas.

The bank offers a range of personal and business deposit accounts, consumer and commercial loans, mortgage lending, treasury management and other banking services.