Colony Bankcorp (CBAN) Expected to Announce Earnings on Wednesday

Colony Bankcorp (NASDAQ:CBAN) is expected to post its quarterly earnings results after the market closes on Wednesday, July 23rd. Analysts expect Colony Bankcorp to post earnings of $0.40 per share and revenue of $32.30 million for the quarter.

Colony Bankcorp Price Performance

NASDAQ CBAN opened at $17.17 on Wednesday. The firm’s fifty day simple moving average is $16.03 and its two-hundred day simple moving average is $16.03. 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 has a 12-month low of $13.00 and a 12-month high of $18.49. The firm has a market capitalization of $299.50 million, a P/E ratio of 12.72 and a beta of 0.62.

Colony Bankcorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Wednesday, May 7th. Colony Bankcorp’s dividend payout ratio (DPR) is presently 32.17%.

Insider Buying and Selling at Colony Bankcorp

In related news, Director Paul E. Joiner III acquired 6,150 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the director directly owned 6,150 shares of the company’s stock, valued at $92,311.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.62% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in shares of Colony Bankcorp by 153.9% in the first quarter. AQR Capital Management LLC now owns 28,466 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 17,253 shares during the period. Jane Street Group LLC raised its position in shares of Colony Bankcorp by 46.8% in the first quarter. Jane Street Group LLC now owns 41,462 shares of the financial services provider’s stock worth $670,000 after acquiring an additional 13,216 shares during the period. Empowered Funds LLC raised its position in shares of Colony Bankcorp by 28.8% during the 1st quarter. Empowered Funds LLC now owns 47,942 shares of the financial services provider’s stock worth $774,000 after purchasing an additional 10,709 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Colony Bankcorp by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 98,128 shares of the financial services provider’s stock worth $1,585,000 after purchasing an additional 9,226 shares during the last quarter. 50.37% of the stock is currently owned by institutional investors and hedge funds.

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.