Meagan M. Mowry Buys 3,245 Shares of Colony Bankcorp Inc (NASDAQ:CBAN) Stock

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Colony Bankcorp Inc (NASDAQ:CBAN) Director Meagan M. Mowry acquired 3,245 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were purchased at an average cost of $11.08 per share, with a total value of $35,954.60. Following the acquisition, the director now owns 3,245 shares of the company’s stock, valued at approximately $35,954.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Colony Bankcorp stock opened at $10.67 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a market cap of $101.35 million, a P/E ratio of 9.79 and a beta of 0.65. The firm has a 50 day simple moving average of $11.34 and a 200 day simple moving average of $12.59. Colony Bankcorp Inc has a fifty-two week low of $8.70 and a fifty-two week high of $17.00.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Thursday, August 6th.

Several institutional investors have recently modified their holdings of CBAN. Citigroup Inc. increased its holdings in shares of Colony Bankcorp by 700.5% in the fourth quarter. Citigroup Inc. now owns 1,489 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,303 shares in the last quarter. Synovus Financial Corp acquired a new stake in shares of Colony Bankcorp in the first quarter valued at approximately $26,000. Victory Capital Management Inc. increased its holdings in shares of Colony Bankcorp by 60.2% in the first quarter. Victory Capital Management Inc. now owns 3,548 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,333 shares in the last quarter. Rhumbline Advisers acquired a new stake in Colony Bankcorp during the 1st quarter worth $144,000. Finally, JPMorgan Chase & Co. grew its holdings in Colony Bankcorp by 35.6% during the 1st quarter. JPMorgan Chase & Co. now owns 13,160 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 3,458 shares during the period. 26.49% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine raised shares of Colony Bankcorp from a “sell” rating to a “hold” rating in a report on Tuesday, June 9th.

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 retail customers. It offers various deposit products, including demand, savings, and time deposits. The company 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.

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Insider Buying and Selling by Quarter for Colony Bankcorp (NASDAQ:CBAN)

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