Colony Bankcorp (NASDAQ:CBAN) Shares Cross Below 200 Day Moving Average of $0.00

Colony Bankcorp Inc (NASDAQ:CBAN)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as low as $16.42. Colony Bankcorp shares last traded at $16.55, with a volume of 644 shares traded.

Separately, ValuEngine downgraded Wave Life Sciences from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 25th.

The stock has a 50-day moving average of $16.78. The stock has a market cap of $157.23 million, a P/E ratio of 11.58 and a beta of 0.61. 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 released its earnings results on Thursday, April 18th. The financial services provider reported $0.34 earnings per share for the quarter. The company had revenue of $12.69 million during the quarter. Colony Bankcorp had a return on equity of 12.73% and a net margin of 19.36%.

In related news, CFO Terry L. Hester sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was 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 in the company, valued at approximately $1,772,846.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased a total of 721 shares of company stock valued at $12,135 in the last 90 days. 5.70% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Colony Bankcorp by 12.4% in the 4th quarter. BlackRock Inc. now owns 6,012 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 662 shares during the period. Dimensional Fund Advisors LP increased its stake in Colony Bankcorp by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 132,591 shares of the financial services provider’s stock worth $1,936,000 after purchasing an additional 3,552 shares during the period. Finally, Taylor Wealth Management Partners purchased a new position in Colony Bankcorp in the 2nd quarter worth approximately $258,000. 14.08% of the stock is currently owned by institutional investors and hedge funds.

About Colony Bankcorp (NASDAQ:CBAN)

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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