Edward Canup Buys 1,000 Shares of Colony Bankcorp (NASDAQ:CBAN) Stock

Colony Bankcorp, Inc. (NASDAQ:CBAN) insider Edward Canup purchased 1,000 shares of Colony Bankcorp stock in a transaction dated Monday, November 17th. The stock was acquired at an average cost of $16.23 per share, with a total value of $16,230.00. Following the completion of the acquisition, the insider directly owned 9,275 shares in the company, valued at approximately $150,533.25. This trade represents a 12.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Colony Bankcorp Price Performance

CBAN stock traded down $0.07 on Wednesday, reaching $16.16. 57,822 shares of the company’s stock were exchanged, compared to its average volume of 62,540. The stock has a fifty day moving average of $16.73 and a 200-day moving average of $16.48. The firm has a market cap of $281.75 million, a PE ratio of 11.97 and a beta of 0.72. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90. Colony Bankcorp, Inc. has a twelve month low of $13.99 and a twelve month high of $18.49.

Colony Bankcorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Wednesday, November 5th. Colony Bankcorp’s dividend payout ratio (DPR) is currently 28.93%.

Analysts Set New Price Targets

Separately, Hovde Group boosted their price objective on shares of Colony Bankcorp from $19.50 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $21.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nuveen LLC acquired a new position in shares of Colony Bankcorp during the 1st quarter worth approximately $534,000. Mackenzie Financial Corp increased its position in Colony Bankcorp by 175.6% during the first quarter. Mackenzie Financial Corp now owns 81,469 shares of the financial services provider’s stock worth $1,316,000 after buying an additional 51,912 shares in the last quarter. American Century Companies Inc. increased its position in Colony Bankcorp by 60.7% during the first quarter. American Century Companies Inc. now owns 156,556 shares of the financial services provider’s stock worth $2,528,000 after buying an additional 59,128 shares in the last quarter. Bailard Inc. raised its holdings in shares of Colony Bankcorp by 83.9% in the second quarter. Bailard Inc. now owns 30,903 shares of the financial services provider’s stock worth $509,000 after acquiring an additional 14,100 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Colony Bankcorp in the first quarter valued at $237,000. Institutional investors and hedge funds own 50.37% 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 consumer customers. The company offers deposit products, including demand, savings, and time deposits. It 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.