Colony Bankcorp, Inc. (CBAN) Insider Terry L. Hester Sells 1,576 Shares
Colony Bankcorp, Inc. (NASDAQ:CBAN) insider Terry L. Hester sold 1,576 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $13.90, for a total transaction of $21,906.40. Following the completion of the sale, the insider now owns 109,873 shares of the company’s stock, valued at $1,527,234.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Colony Bankcorp (NASDAQ:CBAN) last issued its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. Colony Bankcorp had a net margin of 17.00% and a return on equity of 10.85%. The firm had revenue of $12.27 million for the quarter.
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An institutional investor recently raised its position in Colony Bankcorp stock. Dimensional Fund Advisors LP raised its holdings in Colony Bankcorp, Inc. (NASDAQ:CBAN) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 113,253 shares of the financial services provider’s stock after buying an additional 714 shares during the period. Dimensional Fund Advisors LP owned 1.34% of Colony Bankcorp worth $1,552,000 at the end of the most recent reporting period. 14.98% of the stock is currently owned by hedge funds and other institutional investors.
Separately, ValuEngine cut shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Thursday, July 6th.
Colony Bankcorp Company Profile
Colony Bankcorp, Inc (Colony) is a bank holding company. The Company operates through its subsidiary, Colony Bank (the Bank). The Bank offers traditional banking products and services to commercial and consumer customers in its markets. The Bank’s product line includes 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, consumer loans and a range of demand, savings and time deposit products, among others.
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