Colony Bankcorp (NYSE:CBAN) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Colony Bankcorp, Inc. (NYSE:CBAN)’s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $20.44 and traded as high as $20.85. Colony Bankcorp shares last traded at $20.5840, with a volume of 245,887 shares.

Wall Street Analyst Weigh In

Several analysts have recently commented on CBAN shares. Zacks Research downgraded Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. Wall Street Zen upgraded Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Sunday, November 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Colony Bankcorp in a research report on Wednesday, November 4th. Three investment 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 stock has an average rating of “Moderate Buy” and an average target price of $23.00.

Colony Bankcorp Stock Up 0.7%

The company has a market cap of $558.61 million, a P/E ratio of 10.21 and a beta of 0.57. The company has a 50 day moving average of $20.52 and a 200-day moving average of $20.45. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.90 and a quick ratio of 0.88.

Colony Bankcorp (NYSE:CBAN) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. Colony Bankcorp had a return on equity of 10.66% and a net margin of 16.71%. The firm had revenue of $42.64 million for the quarter, compared to analyst estimates of $41.20 million. On average, equities analysts predict that Colony Bankcorp, Inc. will post 2.07 earnings per share for the current year.

Colony Bankcorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, November 10th. Colony Bankcorp’s dividend payout ratio (DPR) is presently 26.37%.

Insider Buying and Selling

In other news, insider Edward Canup purchased 2,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was acquired at an average cost of $20.38 per share, for a total transaction of $40,760.00. Following the purchase, the insider directly owned 43,702 shares in the company, valued at $890,646.76. This trade represents a 4.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders bought 8,000 shares of company stock valued at $168,340. 3.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Colony Bankcorp

Several institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue raised its stake in Colony Bankcorp by 75.5% in the third quarter. State of Alaska Department of Revenue now owns 1,783 shares of the company’s stock worth $35,000 after buying an additional 767 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Colony Bankcorp during the second quarter worth $42,000. NewEdge Advisors LLC purchased a new stake in shares of Colony Bankcorp during the 1st quarter valued at $89,000. Versant Capital Management Inc lifted its holdings in shares of Colony Bankcorp by 762.5% during the 2nd quarter. Versant Capital Management Inc now owns 5,175 shares of the company’s stock valued at $104,000 after purchasing an additional 4,575 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Colony Bankcorp in the 1st quarter worth $106,000. Institutional investors own 50.37% of the company’s stock.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc. is the bank holding company for Colony Bank, a community bank serving individuals, businesses and organizations primarily in Georgia. Founded in 1975, the bank is headquartered in Fitzgerald, Georgia. Colony Bank offers personal and business deposit accounts, loans and other lending services, along with online and mobile banking. Its business banking services include commercial lending and cash management, while additional offerings include mortgage banking and wealth management services.