According to Zacks, “Colony Bankcorp, Inc., a multibank holding company, provides retail and commercial banking services to consumers and small to medium size businesses primarily in south Georgia. It offers various deposits, including interest bearing demand and savings deposits, checking accounts, and time deposits, as well as individual retirement accounts. Colony Bank’s philosophy is firmly grounded in the principle that banking is about relationships, not just products and technology. “
A number of other brokerages have also commented on CBAN. StockNews.com assumed coverage on shares of Colony Bankcorp in a research report on Saturday, March 26th. They set a “hold” rating on the stock. DA Davidson initiated coverage on Colony Bankcorp in a report on Wednesday, January 12th. They set a “buy” rating and a $21.00 price objective on the stock.
Colony Bankcorp (NASDAQ:CBAN – Get Rating) last released its quarterly earnings results on Thursday, January 20th. The financial services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.08). Colony Bankcorp had a return on equity of 12.26% and a net margin of 17.40%. The firm had revenue of $29.84 million for the quarter, compared to analysts’ expectations of $29.12 million. Equities research analysts anticipate that Colony Bankcorp will post 1.88 earnings per share for the current fiscal year.
In related news, Vice Chairman Brian D. Schmitt bought 5,000 shares of the business’s stock in a transaction on Tuesday, February 8th. The shares were bought at an average price of $16.50 per share, for a total transaction of $82,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP M. Edward Jr. Hoyle bought 3,000 shares of the business’s stock in a transaction on Tuesday, February 8th. The stock was bought at an average price of $16.50 per share, for a total transaction of $49,500.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 18,560 shares of company stock worth $306,359. Insiders own 10.31% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fourthstone LLC boosted its holdings in Colony Bankcorp by 49.4% in the third quarter. Fourthstone LLC now owns 1,316,006 shares of the financial services provider’s stock worth $24,513,000 after acquiring an additional 434,874 shares in the last quarter. Banc Funds Co. LLC acquired a new stake in shares of Colony Bankcorp during the third quarter worth about $16,097,000. Alliancebernstein L.P. acquired a new stake in shares of Colony Bankcorp during the third quarter worth about $5,960,000. BHZ Capital Management LP acquired a new stake in shares of Colony Bankcorp during the third quarter worth about $3,389,000. Finally, Siena Capital Partners GP LLC acquired a new stake in shares of Colony Bankcorp during the third quarter worth about $3,272,000. 37.04% of the stock is owned by institutional investors and hedge funds.
About Colony Bankcorp (Get Rating)
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 various 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.
- Get a free copy of the StockNews.com research report on Colony Bankcorp (CBAN)
- Institutional Buying Puts A Bottom In Manpower Group Inc
- Workhorse Johnson & Johnson Plows New All-Time Highs
- J.B. Hunt Transportation Services Fires On All Cylinders
- Fastenal Stock is Ready to Sprint Higher
- 3 No-Brainer Stocks to Buy with $1000
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Colony Bankcorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colony Bankcorp and related companies with MarketBeat.com's FREE daily email newsletter.