Colony Bankcorp (NYSE:CBAN) Share Price Breaks Below Two Hundred Day Moving Average – Should You Sell?

Colony Bankcorp, Inc. (NYSE:CBAN)’s share price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $20.36 and traded as low as $20.07. Colony Bankcorp shares last traded at $20.27, with a volume of 112,562 shares.

Analysts Set New Price Targets

CBAN has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Zacks Research cut shares of Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. Finally, Wall Street Zen downgraded shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Colony Bankcorp Stock Down 0.3%

The stock has a fifty day moving average of $20.66 and a 200-day moving average of $20.39. The firm has a market capitalization of $431.83 million, a price-to-earnings ratio of 10.26 and a beta of 0.56. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60.

Colony Bankcorp (NYSE:CBAN) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.54 earnings per share for the quarter, topping 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 $42.72 million for the quarter, compared to analysts’ expectations of $41.20 million. As a group, sell-side analysts expect that Colony Bankcorp, Inc. will post 2.00 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 issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, November 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.4%. Colony Bankcorp’s payout ratio is currently 26.37%.

Insider Activity

In other news, insider Edward Canup purchased 2,000 shares of Colony Bankcorp stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average price of $21.62 per share, for a total transaction of $43,240.00. Following the transaction, the insider owned 39,702 shares in the company, valued at $858,357.24. The trade was a 5.30% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders have purchased a total of 5,000 shares of company stock worth $107,690 in the last quarter. 3.92% of the stock is owned by insiders.

Hedge Funds Weigh In On Colony Bankcorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in CBAN. State of Wyoming purchased a new stake in shares of Colony Bankcorp in the third quarter worth approximately $202,000. State of Alaska Department of Revenue grew its position in Colony Bankcorp by 75.5% during the third quarter. State of Alaska Department of Revenue now owns 1,783 shares of the company’s stock valued at $35,000 after purchasing an additional 767 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Colony Bankcorp during the second quarter valued at approximately $939,000. Squarepoint Ops LLC purchased a new position in Colony Bankcorp during the second quarter valued at approximately $286,000. Finally, Allen Mooney & Barnes Investment Advisors LLC increased its stake in Colony Bankcorp by 2.6% in 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 buying an additional 1,474 shares during the period. 50.37% of the stock is currently owned by hedge funds and other 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.