Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report) insider Edward G. Canup bought 3,146 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $16.28 per share, with a total value of $51,216.88. Following the acquisition, the insider directly owned 6,766 shares of the company's stock, valued at approximately $110,150.48. This trade represents a 86.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Colony Bankcorp Stock Performance
CBAN traded down $0.19 during trading on Friday, reaching $17.49. 41,278 shares of the company's stock were exchanged, compared to its average volume of 56,488. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80. Colony Bankcorp, Inc. has a 1 year low of $13.00 and a 1 year high of $18.49. The company's fifty day simple moving average is $16.11 and its 200-day simple moving average is $16.04. The stock has a market capitalization of $304.99 million, a P/E ratio of 12.95 and a beta of 0.62.
Colony Bankcorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.46 annualized dividend and a dividend yield of 2.63%. Colony Bankcorp's dividend payout ratio (DPR) is presently 32.17%.
Institutional Investors Weigh In On Colony Bankcorp
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in Colony Bankcorp by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 579,078 shares of the financial services provider's stock worth $9,347,000 after purchasing an additional 25,505 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Colony Bankcorp by 0.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 263,952 shares of the financial services provider's stock valued at $4,260,000 after purchasing an additional 1,648 shares in the last quarter. Zacks Investment Management increased its stake in shares of Colony Bankcorp by 6.2% in the 4th quarter. Zacks Investment Management now owns 212,617 shares of the financial services provider's stock worth $3,432,000 after acquiring an additional 12,373 shares during the last quarter. American Century Companies Inc. raised its stake in Colony Bankcorp by 60.7% during the first quarter. American Century Companies Inc. now owns 156,556 shares of the financial services provider's stock worth $2,528,000 after purchasing an additional 59,128 shares during the period. Finally, Bridgeway Capital Management LLC raised its position in Colony Bankcorp by 0.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 144,584 shares of the financial services provider's stock valued at $2,334,000 after purchasing an additional 955 shares during the period. 50.37% of the stock is owned by institutional investors and hedge funds.
About Colony Bankcorp
(
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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