Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report) announced a quarterly dividend on Thursday, July 24th, RTT News reports. Investors of record on Wednesday, August 6th will be given a dividend of 0.115 per share by the financial services provider on Wednesday, August 20th. This represents a $0.46 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, August 6th.
Colony Bankcorp Stock Performance
Shares of Colony Bankcorp stock traded down $0.20 during trading on Friday, reaching $16.54. The company's stock had a trading volume of 53,292 shares, compared to its average volume of 67,169. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90. The business's 50-day moving average price is $16.26 and its 200-day moving average price is $16.11. Colony Bankcorp has a 52 week low of $13.00 and a 52 week high of $18.49. The firm has a market cap of $288.56 million, a PE ratio of 12.25 and a beta of 0.62.
Insider Transactions at Colony Bankcorp
In other Colony Bankcorp news, Director Paul E. Joiner III bought 6,150 shares of the stock in a transaction dated Friday, May 30th. The shares were bought at an average cost of $15.01 per share, with a total value of $92,311.50. Following the completion of the acquisition, the director owned 6,150 shares of the company's stock, valued at $92,311.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Over the last ninety days, insiders have bought 8,650 shares of company stock valued at $133,733. Insiders own 6.62% of the company's stock.
Institutional Investors Weigh In On Colony Bankcorp
A number of large investors have recently added to or reduced their stakes in CBAN. AQR Capital Management LLC grew its stake in Colony Bankcorp by 153.9% during the first quarter. AQR Capital Management LLC now owns 28,466 shares of the financial services provider's stock worth $460,000 after buying an additional 17,253 shares in the last quarter. Jane Street Group LLC raised its position in shares of Colony Bankcorp by 46.8% in the 1st quarter. Jane Street Group LLC now owns 41,462 shares of the financial services provider's stock valued at $670,000 after buying an additional 13,216 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Colony Bankcorp by 28.8% during the 1st quarter. Empowered Funds LLC now owns 47,942 shares of the financial services provider's stock worth $774,000 after acquiring an additional 10,709 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Colony Bankcorp by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 98,128 shares of the financial services provider's stock worth $1,585,000 after acquiring an additional 9,226 shares during the period. Institutional investors and hedge funds own 50.37% of the company's stock.
Colony Bankcorp Company Profile
(
Get Free Report)
Colony Bankcorp, Inc operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and consumer customers. The company offers deposit products, including demand, savings, and time deposits. It also provides loans to small and medium-sized businesses; residential and commercial construction, and land development loans; commercial real estate loans; commercial loans; agri-business and production loans; residential mortgage loans; home equity loans; and consumer loans.
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