Colony Bankcorp, Inc. (NYSE:CBAN – Get Free Report) insider Edward Canup purchased 2,000 shares of Colony Bankcorp stock in a transaction dated Wednesday, November 4th. The stock was bought at an average price of $20.38 per share, with a total value of $40,760.00. Following the acquisition, the insider directly owned 43,702 shares of the company’s stock, valued at approximately $890,646.76. This trade represents a 4.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Colony Bankcorp Stock Down 3.2%
Shares of CBAN stock opened at $19.92 on Friday. The company has a market capitalization of $422.77 million, a price-to-earnings ratio of 10.35 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. 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 of $20.59 and a 200-day moving average of $20.42.
Colony Bankcorp (NYSE:CBAN – Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $42.64 million during the quarter, compared to analysts’ expectations of $41.20 million. Colony Bankcorp had a return on equity of 10.73% and a net margin of 16.71%. As a group, equities research analysts predict that Colony Bankcorp, Inc. will post 2.07 earnings per share for the current fiscal year.
Colony Bankcorp Announces Dividend
The company 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 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 dividend payout ratio (DPR) is presently 26.37%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. Zacks Research cut Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. Weiss Ratings cut shares of Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Sunday, November 1st. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.
Check Out Our Latest Stock Report on Colony Bankcorp
Hedge Funds Weigh In On Colony Bankcorp
A number of institutional investors have recently bought and sold shares of CBAN. State of Alaska Department of Revenue increased its holdings in shares of 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 valued at $35,000 after purchasing an additional 767 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Colony Bankcorp by 15.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,694 shares of the company’s stock worth $174,000 after buying an additional 1,146 shares during the period. Allen Mooney & Barnes Investment Advisors LLC boosted its holdings in shares of Colony Bankcorp by 2.6% during the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 57,904 shares of the company’s stock worth $1,163,000 after buying an additional 1,474 shares during the period. Rockefeller Capital Management L.P. grew its stake in Colony Bankcorp by 49.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock valued at $80,000 after buying an additional 1,494 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Colony Bankcorp in the 2nd quarter valued at about $42,000. Institutional investors and hedge funds own 50.37% of the company’s stock.
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.
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