Insider Buying: Colony Bankcorp (NYSE:CBAN) Insider Buys $21,250.00 in Stock

Key Points

  • Insider purchase: Edward Canup bought 1,000 Colony Bankcorp shares for $21.25 each, investing $21,250 and increasing his direct ownership by 2.52% to 40,702 shares.
  • Financial performance: Colony Bankcorp exceeded quarterly expectations, reporting $0.52 in earnings per share versus the $0.48 consensus estimate and revenue of $42.03 million against $40.90 million expected.
  • Stock and outlook: Shares opened at $21.31, while analysts maintain an overall “Buy” rating with an average price target of $23.00. The company also pays a quarterly dividend of $0.12 per share, yielding about 2.3% annually.

Colony Bankcorp, Inc. (NYSE:CBAN - Get Free Report) insider Edward Canup acquired 1,000 shares of Colony Bankcorp stock in a transaction on Thursday, August 20th. The stock was acquired at an average price of $21.25 per share, with a total value of $21,250.00. Following the purchase, the insider directly owned 40,702 shares in the company, valued at approximately $864,917.50. This trade represents a 2.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Colony Bankcorp Trading Down 0.6%

NYSE CBAN opened at $21.31 on Friday. The stock has a market capitalization of $452.22 million, a price-to-earnings ratio of 12.92 and a beta of 0.55. Colony Bankcorp, Inc. has a one year low of $15.80 and a one year high of $22.46. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88. The business's fifty day moving average is $21.10 and its 200-day moving average is $20.43.

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 company had revenue of $42.03 million during the quarter, compared to analyst estimates of $40.90 million. Equities research analysts predict that Colony Bankcorp, Inc. will post 1.92 EPS for the current year.

Colony Bankcorp Dividend Announcement




The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Wednesday, August 5th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 5th. Colony Bankcorp's dividend payout ratio is currently 29.09%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CBAN shares. Wall Street Zen downgraded Colony Bankcorp from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Hovde Group upped their price target on Colony Bankcorp from $22.00 to $23.00 and gave the company an "outperform" rating in a research report on Friday, April 24th. Zacks Research raised Colony Bankcorp from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 14th. Finally, Weiss Ratings downgraded shares of Colony Bankcorp from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $23.00.

View Our Latest Stock Report on CBAN

Hedge Funds Weigh In On Colony Bankcorp

Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Colony Bankcorp during the 2nd quarter valued at $46,935,000. Fourthstone LLC increased its position in shares of Colony Bankcorp by 165.9% during the fourth quarter. Fourthstone LLC now owns 1,711,213 shares of the company's stock valued at $30,494,000 after buying an additional 1,067,540 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Colony Bankcorp by 4.6% in the third quarter. Vanguard Group Inc. now owns 945,386 shares of the company's stock worth $16,081,000 after buying an additional 41,879 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Colony Bankcorp by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 737,755 shares of the company's stock valued at $14,732,000 after acquiring an additional 14,965 shares during the period. Finally, Geode Capital Management LLC grew its stake in Colony Bankcorp by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 385,600 shares of the company's stock valued at $6,873,000 after acquiring an additional 3,734 shares in the last quarter. 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.

See Also

Insider Buying and Selling by Quarter for Colony Bankcorp (NYSE:CBAN)

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