Colony Bankcorp Inc (CBAN) CEO Buys $173,900.00 in Stock

Colony Bankcorp Inc (NASDAQ:CBAN) CEO T Heath Fountain bought 10,000 shares of the company’s stock in a transaction on Friday, August 10th. The shares were acquired at an average price of $17.39 per share, with a total value of $173,900.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

CBAN opened at $17.75 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.78 and a quick ratio of 0.78. Colony Bankcorp Inc has a 12 month low of $11.10 and a 12 month high of $19.50. The firm has a market capitalization of $146.84 million, a P/E ratio of 13.08 and a beta of 0.30.

Colony Bankcorp (NASDAQ:CBAN) last released its quarterly earnings data on Tuesday, July 17th. The financial services provider reported $0.36 EPS for the quarter. Colony Bankcorp had a net margin of 16.63% and a return on equity of 12.77%. The business had revenue of $12.49 million during the quarter.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CBAN. EJF Capital LLC bought a new stake in shares of Colony Bankcorp in the 1st quarter valued at $6,047,000. Dimensional Fund Advisors LP increased its position in shares of Colony Bankcorp by 7.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 124,542 shares of the financial services provider’s stock valued at $2,105,000 after buying an additional 8,289 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Colony Bankcorp by 8.6% in the 4th quarter. Renaissance Technologies LLC now owns 58,627 shares of the financial services provider’s stock valued at $856,000 after buying an additional 4,627 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc operates as the holding company for Colony Bank that provides banking products and services to commercial and consumer customers. It offers various deposit products, including demand, savings, and time deposits. The company also offers 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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