StockNews.com upgraded shares of Colony Bankcorp (NASDAQ:CBAN – Free Report) from a hold rating to a buy rating in a research note published on Monday.
Colony Bankcorp Stock Up 0.7 %
Shares of NASDAQ CBAN opened at $10.70 on Monday. The business has a 50-day simple moving average of $11.03 and a two-hundred day simple moving average of $11.32. Colony Bankcorp has a 52 week low of $8.59 and a 52 week high of $13.58. The company has a market cap of $187.89 million, a P/E ratio of 8.63 and a beta of 0.53. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.94.
Colony Bankcorp (NASDAQ:CBAN – Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.31 EPS for the quarter. The company had revenue of $28.18 million during the quarter. Colony Bankcorp had a net margin of 13.55% and a return on equity of 9.32%.
Colony Bankcorp Increases Dividend
Institutional Investors Weigh In On Colony Bankcorp
A number of institutional investors and hedge funds have recently bought and sold shares of CBAN. McGlone Suttner Wealth Management Inc. purchased a new position in Colony Bankcorp in the 4th quarter worth approximately $45,000. New York State Common Retirement Fund lifted its holdings in shares of Colony Bankcorp by 725.7% during the 4th quarter. New York State Common Retirement Fund now owns 7,737 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 6,800 shares during the last quarter. SG Americas Securities LLC purchased a new position in Colony Bankcorp in the fourth quarter worth $119,000. Panagora Asset Management Inc. bought a new position in Colony Bankcorp in the third quarter valued at $133,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Colony Bankcorp in the third quarter valued at $192,000. 50.37% of the stock is owned by hedge funds and other institutional investors.
Colony Bankcorp Company Profile
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 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.
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