Colony Bankcorp, Inc. (NASDAQ:CBAN) Director Paul E. Joiner III Purchases 6,150 Shares

Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report) Director Paul E. Joiner III purchased 6,150 shares of the stock in a transaction dated Friday, May 30th. The shares were purchased at an average price of $15.01 per share, with a total value of $92,311.50. Following the completion of the transaction, the director now owns 6,150 shares of the company's stock, valued at approximately $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 hyperlink.

Colony Bankcorp Stock Up 1.8%

Shares of NASDAQ:CBAN traded up $0.28 during trading on Friday, hitting $15.56. The company's stock had a trading volume of 39,916 shares, compared to its average volume of 55,083. Colony Bankcorp, Inc. has a fifty-two week low of $11.26 and a fifty-two week high of $18.49. The business has a 50 day moving average price of $15.32 and a two-hundred day moving average price of $16.17. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81. The company has a market capitalization of $271.41 million, a PE ratio of 11.53 and a beta of 0.60.

Colony Bankcorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were given 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 2.96%. Colony Bankcorp's dividend payout ratio is currently 32.17%.

Institutional Investors Weigh In On Colony Bankcorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Colony Bankcorp during the fourth quarter worth approximately $113,000. Empowered Funds LLC grew its holdings in shares of Colony Bankcorp by 4.9% during the fourth quarter. Empowered Funds LLC now owns 37,233 shares of the financial services provider's stock worth $601,000 after purchasing an additional 1,755 shares during the last quarter. Polaris Capital Management LLC increased its position in Colony Bankcorp by 7.0% during the fourth quarter. Polaris Capital Management LLC now owns 133,179 shares of the financial services provider's stock worth $2,150,000 after buying an additional 8,700 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Colony Bankcorp by 3.5% in the fourth quarter. Bank of New York Mellon Corp now owns 47,185 shares of the financial services provider's stock valued at $762,000 after acquiring an additional 1,608 shares during the period. Finally, Bailard Inc. acquired a new position in shares of Colony Bankcorp in the 4th quarter valued at $266,000. Institutional investors and hedge funds own 50.37% of the company's stock.

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.