Edward Canup Purchases 2,000 Shares of Colony Bankcorp (NYSE:CBAN) Stock

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup bought 2,000 shares of the stock in a transaction dated Thursday, July 30th. The stock was purchased at an average price of $21.80 per share, with a total value of $43,600.00. Following the acquisition, the insider directly owned 36,702 shares in the company, valued at approximately $800,103.60. The trade was a 5.76% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Colony Bankcorp Trading Down 0.1%

Shares of CBAN stock traded down $0.03 during trading hours on Monday, reaching $21.89. 355,088 shares of the stock were exchanged, compared to its average volume of 246,740. The firm has a market capitalization of $463.19 million, a price-to-earnings ratio of 13.27 and a beta of 0.56. Colony Bankcorp, Inc. has a 12-month low of $15.80 and a 12-month high of $22.29. The company’s 50-day moving average price is $20.56 and its 200-day moving average price is $20.12. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.68.

Colony Bankcorp (NYSE:CBAN) last posted 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. The company had revenue of $42.03 million for the quarter, compared to analyst estimates of $40.90 million. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.67%. As a group, equities analysts anticipate that Colony Bankcorp, Inc. will post 1.92 earnings per share for the current year.

Colony Bankcorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, August 5th. Colony Bankcorp’s dividend payout ratio is presently 29.09%.

Institutional Trading of Colony Bankcorp

Large investors have recently modified their holdings of the company. AQR Capital Management LLC grew its stake in Colony Bankcorp by 153.9% in the first quarter. AQR Capital Management LLC now owns 28,466 shares of the company’s stock worth $460,000 after purchasing an additional 17,253 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Colony Bankcorp by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 98,128 shares of the company’s stock valued at $1,585,000 after purchasing an additional 9,226 shares in the last quarter. Empowered Funds LLC raised its position in Colony Bankcorp by 28.8% during the 1st quarter. Empowered Funds LLC now owns 47,942 shares of the company’s stock valued at $774,000 after purchasing an additional 10,709 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Colony Bankcorp by 46.8% in the 1st quarter. Jane Street Group LLC now owns 41,462 shares of the company’s stock worth $670,000 after buying an additional 13,216 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Colony Bankcorp by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 367,897 shares of the company’s stock worth $6,060,000 after buying an additional 10,798 shares during the period. Hedge funds and other institutional investors own 50.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Hovde Group increased their target price on Colony Bankcorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Zacks Research upgraded Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings raised shares of Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $23.00.

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.