Colony Bankcorp (NYSE:CBAN) Insider Edward Canup Purchases 1,000 Shares

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup purchased 1,000 shares of Colony Bankcorp stock in a transaction dated Thursday, August 20th. The stock was acquired at an average cost of $21.25 per share, with a total value of $21,250.00. Following the completion of the acquisition, the insider directly owned 40,702 shares in the company, valued at approximately $864,917.50. This trade represents a 2.52% 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

NYSE CBAN traded down $0.13 during trading hours on Thursday, reaching $21.31. The company’s stock had a trading volume of 123,519 shares, compared to its average volume of 237,548. 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, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $22.46. The company’s 50-day moving average is $21.08 and its two-hundred day moving average is $20.42. The stock has a market cap of $452.20 million, a PE ratio of 12.92 and a beta of 0.55.

Colony Bankcorp (NYSE:CBAN) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $42.03 million during the quarter, compared to the consensus estimate of $40.90 million. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%. Analysts forecast that Colony Bankcorp, Inc. will post 1.92 EPS for the current year.

Colony Bankcorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 5th. Colony Bankcorp’s payout ratio is currently 29.09%.

Analyst Ratings Changes

CBAN has been the topic of a number of research reports. Wall Street Zen downgraded Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Hovde Group increased their price target on shares of Colony Bankcorp from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Weiss Ratings cut Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Finally, Zacks Research upgraded shares of Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $23.00.

Institutional Trading of Colony Bankcorp

Hedge funds have recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC lifted its position in shares of Colony Bankcorp by 68.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 29,876 shares of the company’s stock valued at $600,000 after acquiring an additional 12,129 shares during the period. Hsbc Holdings PLC grew its position in shares of Colony Bankcorp by 66.7% during the 2nd quarter. Hsbc Holdings PLC now owns 54,860 shares of the company’s stock worth $1,103,000 after buying an additional 21,951 shares during the period. Empowered Funds LLC bought a new stake in shares of Colony Bankcorp during the second quarter valued at approximately $1,569,000. Bank of America Corp DE acquired a new position in shares of Colony Bankcorp during the second quarter valued at about $856,000. Finally, Man Group plc purchased a new position in Colony Bankcorp during the 2nd quarter worth $400,000. 50.37% of the stock is owned by institutional investors and hedge funds.

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.