Colony Bankcorp, Inc. (NASDAQ:CBAN) CEO Purchases $14,949.00 in Stock

Key Points

• Colony Bankcorp CEO T Heath Fountain purchased 900 shares at an average price of $16.61, totaling approximately $14,949, increasing his ownership to 81,078 shares.
• The company declared a quarterly dividend of $0.115 per share, with a record date of August 6th and an ex-dividend date on the same day, resulting in a 2.78% yield.
• Shares of Colony Bankcorp saw a slight decline, trading at $16.54, with a market cap of approximately $288.56 million and a 52-week trading range between $13.00 and $18.49.

Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report) CEO T Heath Fountain bought 900 shares of Colony Bankcorp stock in a transaction dated Friday, July 25th. The stock was acquired at an average cost of $16.61 per share, for a total transaction of $14,949.00. Following the completion of the transaction, the chief executive officer directly owned 81,078 shares in the company, valued at approximately $1,346,705.58. This trade represents a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

T Heath Fountain also recently made the following trade(s):

• On Friday, July 25th, T Heath Fountain acquired 100 shares of Colony Bankcorp stock. The shares were purchased at an average cost of $16.62 per share, for a total transaction of $1,662.00.

Colony Bankcorp Stock Up 0.5%

CBAN stock traded up $0.09 during trading on Tuesday, hitting $16.61. 46,121 shares of the stock traded hands, compared to its average volume of 66,840. Colony Bankcorp, Inc. has a 1 year low of $13.00 and a 1 year high of $18.49. The firm's 50 day moving average is $16.29 and its two-hundred day moving average is $16.13. The stock has a market cap of $289.94 million, a price-to-earnings ratio of 12.30 and a beta of 0.62. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th will be given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 2.77%. The ex-dividend date is Wednesday, August 6th. Colony Bankcorp's dividend payout ratio (DPR) is 29.11%.

Wall Street Analysts Forecast Growth

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 report on Tuesday.

Institutional Trading of Colony Bankcorp

Several institutional investors have recently bought and sold shares of the company. Ritholtz Wealth Management boosted its holdings in shares of Colony Bankcorp by 22.9% during the 2nd 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 boosted its holdings in shares of Colony Bankcorp by 46.8% during the 1st 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 boosted 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 valued at $774,000 after acquiring an additional 10,709 shares during the last quarter. Goldman Sachs Group Inc. boosted 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 valued at $1,585,000 after acquiring an additional 9,226 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Colony Bankcorp by 153.9% during the 1st 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. 50.37% of the stock is owned by hedge funds and other institutional investors.

About Colony Bankcorp

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.