Colony Bankcorp, Inc. (NASDAQ:CBAN) Director Acquires $92,311.50 in Stock

Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report) Director Paul E. Joiner III purchased 6,150 shares of the stock in a transaction on Friday, May 30th. The shares were purchased at an average cost of $15.01 per share, with a total value of $92,311.50. Following the transaction, the director now owns 6,150 shares in the company, valued at $92,311.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Colony Bankcorp Stock Performance

Shares of NASDAQ CBAN traded down $0.13 during trading on Thursday, reaching $15.39. 1,528 shares of the company traded hands, compared to its average volume of 68,334. The firm's fifty day simple moving average is $15.33 and its 200 day simple moving average is $16.19. The stock has a market cap of $268.36 million, a P/E ratio of 11.40 and a beta of 0.62. Colony Bankcorp, Inc. has a 12-month low of $11.26 and a 12-month high of $18.49. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90.

Colony Bankcorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were paid a dividend of $0.115 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.46 annualized dividend and a yield of 2.99%. Colony Bankcorp's dividend payout ratio (DPR) is currently 32.17%.

Institutional Investors Weigh In On Colony Bankcorp

A number of large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in Colony Bankcorp by 152.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 1,226 shares during the last quarter. CWM LLC grew its holdings in shares of Colony Bankcorp by 55.6% during the first quarter. CWM LLC now owns 2,102 shares of the financial services provider's stock worth $34,000 after purchasing an additional 751 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Colony Bankcorp during the fourth quarter worth about $113,000. Deutsche Bank AG purchased a new position in shares of Colony Bankcorp during the fourth quarter worth about $143,000. Finally, Wells Fargo & Company MN lifted its position in Colony Bankcorp by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,721 shares of the financial services provider's stock valued at $157,000 after purchasing an additional 2,118 shares during the period. 50.37% of the stock is currently owned by hedge funds and other institutional investors.

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.