Colony Bankcorp (NASDAQ:CBAN) Lowered to “Hold” at StockNews.com

Colony Bankcorp (NASDAQ:CBAN) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Colony Bankcorp Trading Up 2.5 %

Shares of CBAN stock opened at $11.07 on Tuesday. Colony Bankcorp has a fifty-two week low of $8.59 and a fifty-two week high of $13.58. The stock’s fifty day moving average price is $10.98 and its two-hundred day moving average price is $11.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.77 and a current ratio of 0.78. The company has a market cap of $194.39 million, a PE ratio of 8.86 and a beta of 0.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. McGlone Suttner Wealth Management Inc. acquired a new position in Colony Bankcorp during the 4th quarter worth approximately $45,000. New York State Common Retirement Fund increased its holdings in shares of Colony Bankcorp by 725.7% during the fourth quarter. New York State Common Retirement Fund now owns 7,737 shares of the financial services provider’s stock worth $103,000 after buying an additional 6,800 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Colony Bankcorp during the fourth quarter worth $119,000. Panagora Asset Management Inc. bought a new position in shares of Colony Bankcorp in the 3rd quarter valued at $133,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Colony Bankcorp during the 3rd quarter valued at $192,000. Institutional investors own 50.37% of the company’s stock.

About Colony Bankcorp

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.