Key Points
- Edward Canup purchased 1,000 shares of Colony Bankcorp on April 27 at $19.80 each for $19,800, raising his holding to 29,969 shares (a 3.45% increase).
- Colony Bankcorp declared a quarterly dividend of $0.12 per share (ex-dividend May 6, payable May 20), equal to a $0.48 annualized payout and a ~2.4% yield with a 30% payout ratio.
- Financial and analyst snapshot: CBAN has a market cap of about $416M and a P/E of 12.29; Q1 EPS of $0.45 met estimates while revenue of $30.93M missed consensus, and the consensus analyst rating is Buy with a $23 price target.
Colony Bankcorp, Inc. (NYSE:CBAN - Get Free Report) insider Edward Canup bought 1,000 shares of the business's stock in a transaction dated Monday, April 27th. The shares were bought at an average cost of $19.80 per share, for a total transaction of $19,800.00. Following the transaction, the insider owned 29,969 shares in the company, valued at approximately $593,386.20. The trade was a 3.45% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Colony Bankcorp Stock Performance
NYSE CBAN opened at $19.66 on Thursday. The company has a market cap of $416.13 million, a P/E ratio of 12.29 and a beta of 0.61. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 0.88. The business's 50 day moving average price is $20.07 and its 200-day moving average price is $18.64. Colony Bankcorp, Inc. has a fifty-two week low of $14.63 and a fifty-two week high of $21.61.
Colony Bankcorp (NYSE:CBAN - Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $30.93 million for the quarter, compared to the consensus estimate of $42.10 million. Colony Bankcorp had a return on equity of 10.68% and a net margin of 14.83%. Sell-side analysts predict that Colony Bankcorp, Inc. will post 1.91 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, May 20th. Investors of record on Wednesday, May 6th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 6th. This represents a $0.48 dividend on an annualized basis and a yield of 2.4%. Colony Bankcorp's payout ratio is presently 30.00%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Hovde Group boosted their price objective on Colony Bankcorp from $22.00 to $23.00 and gave the company an "outperform" rating in a report on Friday, April 24th. Wall Street Zen cut 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 Colony Bankcorp from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 15th. Finally, Brean Capital upgraded 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, Colony Bankcorp presently has a consensus rating of "Buy" and a consensus price target of $23.00.
View Our Latest Stock Analysis on CBAN
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in CBAN. Fourthstone LLC raised its position in shares of Colony Bankcorp by 165.9% in the 4th quarter. Fourthstone LLC now owns 1,711,213 shares of the company's stock worth $30,494,000 after acquiring an additional 1,067,540 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Colony Bankcorp in the 3rd quarter worth $3,148,000. Segall Bryant & Hamill LLC bought a new position in shares of Colony Bankcorp in the 3rd quarter worth $1,583,000. Squarepoint Ops LLC bought a new position in shares of Colony Bankcorp in the 3rd quarter worth $1,016,000. Finally, Thomasville National Bank bought a new position in shares of Colony Bankcorp in the 4th quarter worth $1,015,000. 50.37% of the stock is owned by institutional investors.
Colony Bankcorp Company Profile
(
Get Free Report)
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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