Colony Bankcorp, Inc. (NASDAQ:CBAN) Insider Edward G. Canup Purchases 1,500 Shares

Key Points

• Edward G. Canup acquired 1,500 shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) stock for $24,810, increasing his ownership by 10.16% to a total of 16,267 shares valued at approximately $269,056.18.
• Colony Bankcorp announced a quarterly dividend of $0.115 per share, yielding 2.78%, with the dividend payment scheduled for August 20th.
• Recent institutional activity includes significant stake increases by firms like Tower Research Capital LLC and CWM LLC, highlighting positive investor interest in the company.

Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report) insider Edward G. Canup purchased 1,500 shares of Colony Bankcorp stock in a transaction that occurred on Friday, July 25th. The shares were purchased at an average price of $16.54 per share, for a total transaction of $24,810.00. Following the transaction, the insider directly owned 16,267 shares in the company, valued at $269,056.18. This represents a 10.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Colony Bankcorp Price Performance

NASDAQ:CBAN traded up $0.09 on Tuesday, hitting $16.61. The company had a trading volume of 46,121 shares, compared to its average volume of 66,840. The stock has a market capitalization of $289.94 million, a price-to-earnings ratio of 12.30 and a beta of 0.62. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. The firm has a 50 day moving average of $16.29 and a two-hundred day moving average of $16.13. Colony Bankcorp, Inc. has a 52 week low of $13.00 and a 52 week high of $18.49.

Colony Bankcorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th will be paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, August 6th. Colony Bankcorp's payout ratio is currently 29.11%.

Analysts Set New Price Targets

Separately, Hovde Group increased their price objective on shares of Colony Bankcorp from $19.50 to $21.00 and gave the company an "outperform" rating in a research note on Tuesday.

Hedge Funds Weigh In On Colony Bankcorp

Several large investors have recently modified their holdings of the business. Ritholtz Wealth Management raised its stake in shares of Colony Bankcorp by 22.9% during the second quarter. Ritholtz Wealth Management now owns 39,596 shares of the financial services provider's stock valued at $652,000 after acquiring an additional 7,375 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Colony Bankcorp by 46.8% during the first quarter. Jane Street Group LLC now owns 41,462 shares of the financial services provider's stock valued at $670,000 after acquiring an additional 13,216 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Colony Bankcorp by 28.8% during the first quarter. Empowered Funds LLC now owns 47,942 shares of the financial services provider's stock valued at $774,000 after acquiring an additional 10,709 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Colony Bankcorp by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 98,128 shares of the financial services provider's stock valued at $1,585,000 after acquiring an additional 9,226 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of 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 valued at $460,000 after acquiring an additional 17,253 shares during the last quarter. Institutional investors own 50.37% of the company's stock.

Colony Bankcorp Company Profile

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.