Colony Bankcorp (NYSE:CBAN) Insider Acquires $43,240.00 in Stock

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average cost of $21.62 per share, for a total transaction of $43,240.00. Following the transaction, the insider directly owned 39,702 shares in the company, valued at approximately $858,357.24. This represents a 5.30% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Colony Bankcorp Stock Performance

Shares of Colony Bankcorp stock opened at $21.47 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average price is $21.10 and its 200-day moving average price is $20.44. The firm has a market cap of $455.59 million, a P/E ratio of 13.01 and a beta of 0.55. Colony Bankcorp, Inc. has a 12 month low of $15.80 and a 12 month high of $22.46.

Colony Bankcorp (NYSE:CBAN) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%. The company had revenue of $42.03 million during the quarter, compared to analyst estimates of $40.90 million. On average, equities research analysts expect that Colony Bankcorp, Inc. will post 1.92 earnings per share for the current fiscal year.

Colony Bankcorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, August 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.2%. Colony Bankcorp’s dividend payout ratio (DPR) is currently 29.09%.

Analyst Ratings Changes

A number of brokerages recently commented on CBAN. Weiss Ratings downgraded 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 downgraded Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Zacks Research raised Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $23.00.

Hedge Funds Weigh In On Colony Bankcorp

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Colony Bankcorp in the 2nd quarter worth $46,935,000. Fourthstone LLC increased its position in Colony Bankcorp by 165.9% during the 4th quarter. Fourthstone LLC now owns 1,711,213 shares of the company’s stock valued at $30,494,000 after buying an additional 1,067,540 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Colony Bankcorp in the second quarter valued at about $6,025,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in Colony Bankcorp in the third quarter valued at about $3,148,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Colony Bankcorp in the second quarter valued at about $1,783,000. 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.