Edward Canup Acquires 1,000 Shares of Colony Bankcorp (NYSE:CBAN) Stock

Colony Bankcorp, Inc. (NYSE:CBAN) insider Edward Canup acquired 1,000 shares of Colony Bankcorp stock in a transaction that occurred on Monday, April 27th. The shares were purchased at an average cost of $19.80 per share, for a total transaction of $19,800.00. Following the purchase, the insider directly owned 29,969 shares in the company, valued at $593,386.20. The trade was a 3.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Colony Bankcorp Stock Up 0.7%

Colony Bankcorp stock opened at $19.83 on Friday. The company’s 50 day simple moving average is $20.07 and its 200 day simple moving average is $18.65. Colony Bankcorp, Inc. has a fifty-two week low of $14.63 and a fifty-two week high of $21.61. The firm has a market capitalization of $419.52 million, a price-to-earnings ratio of 12.39 and a beta of 0.61. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.85.

Colony Bankcorp (NYSE:CBAN) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Colony Bankcorp had a net margin of 14.83% and a return on equity of 10.68%. The business had revenue of $30.93 million for the quarter, compared to analyst estimates of $42.10 million. As a group, sell-side analysts anticipate that Colony Bankcorp, Inc. will post 1.91 EPS for the current year.

Colony Bankcorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, May 6th. This represents a $0.48 annualized dividend and a yield of 2.4%. Colony Bankcorp’s dividend payout ratio (DPR) is presently 30.00%.

Institutional Trading of Colony Bankcorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Colony Bankcorp in the third quarter valued at approximately $44,000. CWM LLC raised its holdings in shares of Colony Bankcorp by 29.0% in the third quarter. CWM LLC now owns 3,447 shares of the company’s stock valued at $59,000 after purchasing an additional 774 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Colony Bankcorp by 38.4% in the second quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock valued at $57,000 after purchasing an additional 969 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Colony Bankcorp by 83.0% in the third quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock valued at $61,000 after purchasing an additional 1,630 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Colony Bankcorp by 49.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock valued at $80,000 after purchasing an additional 1,494 shares during the last quarter. 50.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CBAN has been the topic of several research analyst reports. Hovde Group raised their target price on shares of Colony Bankcorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Wall Street Zen downgraded shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Weiss Ratings restated a “buy (b)” rating on shares of Colony Bankcorp in a report on Friday, March 27th. Zacks Research upgraded shares of Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Brean Capital upgraded shares of Colony Bankcorp from a “neutral” rating to a “buy” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $23.00.

Colony Bankcorp Company Profile

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.