Colony Bankcorp (NYSE:CBAN) Stock: Insider Edward Canup Acquires 2,000 Shares

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup bought 2,000 shares of the stock in a transaction dated Wednesday, November 4th. The shares were acquired at an average price of $20.38 per share, with a total value of $40,760.00. Following the completion of the acquisition, the insider directly owned 43,702 shares of the company’s stock, valued at approximately $890,646.76. The trade was a 4.80% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Colony Bankcorp Stock Up 1.5%

Shares of CBAN opened at $20.25 on Friday. Colony Bankcorp, Inc. has a 12-month low of $15.90 and a 12-month high of $22.46. The firm has a fifty day moving average price of $20.56 and a 200-day moving average price of $20.43. The firm has a market capitalization of $429.73 million, a P/E ratio of 10.36 and a beta of 0.57. 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 posted its quarterly earnings data 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. The company had revenue of $42.64 million during the quarter, compared to analysts’ expectations of $41.20 million. Colony Bankcorp had a net margin of 16.71% and a return on equity of 10.73%. Equities research analysts expect that Colony Bankcorp, Inc. will post 2.07 earnings per share for the current year.

Colony Bankcorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be given a $0.12 dividend. 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 dividend payout ratio (DPR) is currently 26.37%.

Analyst Ratings Changes

CBAN has been the topic of several recent research reports. Weiss Ratings downgraded Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Wall Street Zen raised Colony Bankcorp from a “hold” rating to a “buy” rating in a research note on Sunday, November 1st. Finally, Zacks Research lowered shares of Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Hedge Funds Weigh In On Colony Bankcorp

Large investors have recently modified their holdings of the business. State of Alaska Department of Revenue increased its stake in Colony Bankcorp by 75.5% during the 3rd 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. Legal & General Group Plc bought a new stake in shares of Colony Bankcorp in the 2nd quarter worth about $42,000. Rockefeller Capital Management L.P. lifted its stake in Colony Bankcorp by 49.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock worth $80,000 after acquiring an additional 1,494 shares during the period. NewEdge Advisors LLC purchased a new stake in Colony Bankcorp in the first quarter valued at approximately $89,000. Finally, Versant Capital Management Inc boosted its stake in shares of Colony Bankcorp by 762.5% in the second quarter. Versant Capital Management Inc now owns 5,175 shares of the company’s stock worth $104,000 after acquiring an additional 4,575 shares during the last quarter. 50.37% of the stock is currently owned by institutional investors and hedge funds.

About Colony Bankcorp

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.