Colony Bankcorp, Inc. (NYSE:CBAN – Get Free Report) insider Edward Canup purchased 1,000 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of $21.25 per share, for a total transaction of $21,250.00. Following the transaction, the insider directly owned 40,702 shares of the company’s stock, valued at approximately $864,917.50. The trade was a 2.52% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Colony Bankcorp Stock Down 0.6%
Shares of NYSE CBAN opened at $21.31 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The firm has a market cap of $452.22 million, a PE ratio of 12.92 and a beta of 0.55. The company’s fifty day simple moving average is $21.10 and its 200 day simple moving average is $20.43. 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 posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.52 earnings per share 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 during the quarter, compared to the consensus estimate of $40.90 million. As a group, sell-side analysts forecast that Colony Bankcorp, Inc. will post 1.92 earnings per share for the current fiscal year.
Colony Bankcorp Announces Dividend
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Zacks Research raised Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Wall Street Zen downgraded shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings lowered shares of Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Finally, Hovde Group lifted their price objective on shares of Colony Bankcorp from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $23.00.
View Our Latest Stock Report on Colony Bankcorp
Institutional Investors Weigh In On Colony Bankcorp
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc purchased a new position in Colony Bankcorp during the 2nd quarter worth $42,000. Public Employees Retirement System of Ohio bought a new position in shares of Colony Bankcorp during the third quarter valued at about $44,000. BNP Paribas Financial Markets lifted its position in shares of Colony Bankcorp by 38.4% during 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 in the last quarter. Russell Investments Group Ltd. boosted its holdings in Colony Bankcorp by 83.0% during the third quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock worth $61,000 after purchasing an additional 1,630 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position 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 worth $80,000 after purchasing an additional 1,494 shares in the last quarter. 50.37% of the stock is owned by hedge funds and other institutional investors.
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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