Colony Bankcorp, Inc. (NYSE:CBAN – Get Free Report) insider Edward Canup acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased at an average price of $22.00 per share, with a total value of $22,000.00. Following the completion of the transaction, the insider owned 37,702 shares of the company’s stock, valued at $829,444. The trade was a 2.72% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Colony Bankcorp Trading Down 0.6%
Shares of Colony Bankcorp stock traded down $0.13 during mid-day trading on Thursday, hitting $21.31. The stock had a trading volume of 123,519 shares, compared to its average volume of 237,548. The firm has a 50-day moving average of $21.08 and a two-hundred day moving average of $20.42. The firm has a market cap of $452.20 million, a P/E ratio of 12.92 and a beta of 0.55. 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 $15.80 and a 12-month high of $22.46.
Colony Bankcorp (NYSE:CBAN – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%. The firm had revenue of $42.03 million for the quarter, compared to analyst estimates of $40.90 million. Sell-side analysts forecast that Colony Bankcorp, Inc. will post 1.92 earnings per share for the current year.
Colony Bankcorp Dividend Announcement
Analyst Ratings Changes
CBAN has been the topic of a number of recent analyst reports. Weiss Ratings cut shares of Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Zacks Research upgraded shares of Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Hovde Group boosted their target price on Colony Bankcorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Wall Street Zen lowered Colony Bankcorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $23.00.
Get Our Latest Research Report on Colony Bankcorp
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc purchased a new stake in Colony Bankcorp during the 2nd quarter worth about $42,000. Public Employees Retirement System of Ohio acquired a new stake in Colony Bankcorp in the third quarter valued at approximately $44,000. BNP Paribas Financial Markets lifted its stake in Colony Bankcorp by 38.4% in the second quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock worth $57,000 after acquiring an additional 969 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Colony Bankcorp by 83.0% in the third quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock worth $61,000 after acquiring an additional 1,630 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Colony Bankcorp by 49.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock worth $80,000 after purchasing an additional 1,494 shares in the last quarter. 50.37% of the stock is owned by institutional investors and hedge funds.
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.
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