Insider Selling: Colony Bankcorp Inc (CBAN) CFO Sells 3,000 Shares of Stock

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Colony Bankcorp Inc (NASDAQ:CBAN) CFO Terry L. Hester sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $17.15, for a total value of $51,450.00. Following the completion of the sale, the chief financial officer now owns 103,373 shares of the company’s stock, valued at approximately $1,772,846.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of CBAN stock opened at $17.25 on Thursday. Colony Bankcorp Inc has a 1-year low of $12.29 and a 1-year high of $19.20. The firm has a market cap of $163.86 million, a P/E ratio of 12.26 and a beta of 0.65. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.34 earnings per share for the quarter. Colony Bankcorp had a return on equity of 12.73% and a net margin of 19.36%. The firm had revenue of $12.69 million for the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Monday, April 29th.

Separately, ValuEngine cut Colony Bankcorp from a “hold” rating to a “sell” rating in a research note on Monday, March 25th.

A number of institutional investors have recently bought and sold shares of CBAN. BlackRock Inc. grew its holdings in Colony Bankcorp by 12.4% in the fourth quarter. BlackRock Inc. now owns 6,012 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 662 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Colony Bankcorp by 7.2% in the third quarter. Renaissance Technologies LLC now owns 74,600 shares of the financial services provider’s stock valued at $1,328,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Colony Bankcorp by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 132,591 shares of the financial services provider’s stock valued at $1,936,000 after purchasing an additional 3,552 shares during the last quarter. 15.76% of the stock is currently owned by institutional investors.

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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 retail customers. It offers various deposit products, including demand, savings, and time deposits. The company 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.

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