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
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
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.
- Get a free copy of the StockNews.com research report on Colony Bankcorp (CBAN)
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