Insider Buying: Colony Bankcorp major shareholder Purchases 9,034 Shares of Stock (CBAN)
Colony Bankcorp (NASDAQ:CBAN) major shareholder Robert Sidney Ross purchased 9,034 shares of the stock on the open market in a transaction dated Thursday, May 15th. The shares were purchased at an average price of $5.98 per share, for a total transaction of $54,023.32. Following the completion of the transaction, the insider now directly owns 922,290 shares of the company’s stock, valued at approximately $5,515,294. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Colony Bankcorp (NASDAQ:CBAN) traded up 0.17% during mid-day trading on Friday, hitting $6.05. 10,613 shares of the company’s stock traded hands. Colony Bankcorp has a 52 week low of $5.45 and a 52 week high of $7.50. The stock’s 50-day moving average is $6.0 and its 200-day moving average is $6.18. The company has a market cap of $51.1 million and a price-to-earnings ratio of 15.14.
Colony Bankcorp, Inc (NASDAQ:CBAN) is a bank holding company.
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