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

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup acquired 1,000 shares of the stock in a transaction dated Thursday, November 5th. The stock was bought at an average cost of $19.89 per share, with a total value of $19,890.00. Following the completion of the purchase, the insider owned 44,702 shares of the company’s stock, valued at approximately $889,122.78. The trade was a 2.29% 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 Down 3.2%

Shares of CBAN stock traded down $0.67 on Thursday, hitting $19.92. The stock had a trading volume of 159,444 shares, compared to its average volume of 211,694. The business has a 50 day moving average of $20.61 and a 200 day moving average of $20.42. The stock has a market cap of $422.79 million, a price-to-earnings ratio of 10.95 and a beta of 0.57. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88. Colony Bankcorp, Inc. has a 12-month low of $15.90 and a 12-month high of $22.46.

Colony Bankcorp (NYSE:CBAN) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Colony Bankcorp had a return on equity of 10.73% and a net margin of 16.71%. The firm had revenue of $42.64 million during the quarter, compared to the consensus estimate of $41.20 million. As a group, analysts expect that Colony Bankcorp, Inc. will post 2.07 EPS for the current year.

Colony Bankcorp Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently weighed in on CBAN shares. 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. Wall Street Zen upgraded Colony Bankcorp from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Zacks Research lowered Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Colony Bankcorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Institutional Trading of Colony Bankcorp

A number of hedge funds have recently made changes to their positions in the stock. State of Wyoming bought a new stake in Colony Bankcorp during the third quarter worth about $202,000. State of Alaska Department of Revenue boosted its holdings in shares of Colony Bankcorp by 75.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,783 shares of the company’s stock worth $35,000 after purchasing an additional 767 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Colony Bankcorp in the 2nd quarter worth about $939,000. Squarepoint Ops LLC bought a new position in shares of Colony Bankcorp during the 2nd quarter valued at about $286,000. Finally, Allen Mooney & Barnes Investment Advisors LLC increased its position in shares of Colony Bankcorp by 2.6% during the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 57,904 shares of the company’s stock valued at $1,163,000 after purchasing an additional 1,474 shares during the last quarter. 50.37% of the stock is owned by institutional investors.

Colony Bankcorp Company Profile

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.