Colony Bankcorp, Inc. (NASDAQ:CBAN) EVP Leonard H. Bateman, Jr. Buys 1,043 Shares

Posted by admin on Mar 18th, 2023

Colony Bankcorp, Inc. (NASDAQ:CBAN – Get Rating) EVP Leonard H. Bateman, Jr. purchased 1,043 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The shares were purchased at an average cost of $10.61 per share, for a total transaction of $11,066.23. Following the completion of the transaction, the executive vice president now directly owns 6,116 shares of the company’s stock, valued at $64,890.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Colony Bankcorp Stock Performance

NASDAQ:CBAN traded down $0.06 during trading hours on Friday, reaching $10.59. The stock had a trading volume of 109,588 shares, compared to its average volume of 37,067. The stock has a market cap of $186.82 million, a P/E ratio of 9.29 and a beta of 0.55. The stock has a 50 day simple moving average of $12.53 and a 200 day simple moving average of $13.19. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.69 and a current ratio of 0.70. Colony Bankcorp, Inc. has a 12-month low of $10.10 and a 12-month high of $18.98.

Colony Bankcorp (NASDAQ:CBAN – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). The firm had revenue of $29.09 million during the quarter, compared to analysts’ expectations of $30.31 million. Colony Bankcorp had a return on equity of 9.23% and a net margin of 15.44%. On average, research analysts forecast that Colony Bankcorp, Inc. will post 1.24 EPS for the current fiscal year.

Colony Bankcorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 23rd. Investors of record on Thursday, February 9th were paid a dividend of $0.11 per share. This is a boost from Colony Bankcorp’s previous quarterly dividend of $0.11. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Wednesday, February 8th. Colony Bankcorp’s dividend payout ratio is presently 38.60%.

Wall Street Analysts Forecast Growth

CBAN has been the topic of a number of research analyst reports. StockNews.com began coverage on Colony Bankcorp in a research note on Thursday. They issued a “hold” rating on the stock. DA Davidson cut Colony Bankcorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 24th. Janney Montgomery Scott downgraded shares of Colony Bankcorp from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Wednesday, February 15th. Finally, TheStreet downgraded shares of Colony Bankcorp from a “b-” rating to a “c+” rating in a report on Thursday, March 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CBAN. Godsey & Gibb Inc. purchased a new position in shares of Colony Bankcorp in the third quarter valued at $34,000. RMB Capital Management LLC bought a new position in Colony Bankcorp in the 2nd quarter worth about $4,775,000. Trexquant Investment LP bought a new stake in shares of Colony Bankcorp during the second quarter valued at about $370,000. Petiole USA ltd lifted its holdings in shares of Colony Bankcorp by 2.6% in the second quarter. Petiole USA ltd now owns 279,902 shares of the financial services provider’s stock worth $4,224,000 after buying an additional 7,174 shares in the last quarter. Finally, Prospector Partners LLC boosted its position in shares of Colony Bankcorp by 63.0% in the second quarter. Prospector Partners LLC now owns 32,600 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 12,600 shares during the period. 50.30% of the stock is owned by institutional investors.

Colony Bankcorp Company Profile

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Colony Bankcorp, Inc is a bank holding company, which engages in the stockholder and investor relations functions through its subsidiary, Colony Bank. It operates through the following segments: Banking Division, Mortgage Division, and Small Business Specialty Lending Division. The Banking Division segment offers full service financial services including commercial loans, consumer loans and deposit accounts.