Colony Bankcorp (NYSE:CBAN) Upgraded by Wall Street Zen to Buy Rating

Colony Bankcorp (NYSE:CBAN) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other equities research analysts have also issued reports on CBAN. Zacks Research upgraded Colony Bankcorp to a “hold” rating in a research report on Friday, February 6th. Hovde Group lifted their price objective on Colony Bankcorp from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Colony Bankcorp in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Colony Bankcorp presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Colony Bankcorp Stock Performance

CBAN opened at $19.19 on Friday. The firm has a market capitalization of $406.15 million, a PE ratio of 12.07 and a beta of 0.64. Colony Bankcorp has a twelve month low of $13.99 and a twelve month high of $21.46. The firm’s 50-day moving average price is $19.69 and its 200 day moving average price is $18.03. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.69.

Colony Bankcorp (NYSE:CBAN) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Colony Bankcorp had a net margin of 14.85% and a return on equity of 10.08%. The company had revenue of $27.27 million during the quarter.

Hedge Funds Weigh In On Colony Bankcorp

Several large investors have recently made changes to their positions in CBAN. Public Employees Retirement System of Ohio purchased a new position in shares of Colony Bankcorp during the 3rd quarter worth approximately $44,000. BNP Paribas Financial Markets increased its holdings in Colony Bankcorp by 38.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock valued at $57,000 after purchasing an additional 969 shares during the last quarter. CWM LLC raised its position in Colony Bankcorp by 29.0% in the third quarter. CWM LLC now owns 3,447 shares of the company’s stock valued at $59,000 after purchasing an additional 774 shares during the period. Russell Investments Group Ltd. raised its position in Colony Bankcorp by 83.0% in the third quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock valued at $61,000 after purchasing an additional 1,630 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in Colony Bankcorp by 49.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock worth $80,000 after purchasing an additional 1,494 shares in the last quarter. 50.37% of the stock is currently owned by institutional investors and hedge funds.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc is a bank holding company headquartered in Baxley, Georgia, that operates through its primary subsidiary, The Colony Bank. The company’s core focus is on delivering community banking services tailored to individuals, small businesses and agricultural customers throughout Georgia and Florida. Colony Bankcorp’s structure supports a full suite of deposit and lending solutions designed to meet the needs of local markets.

The company offers a range of deposit products, including personal and business checking accounts, savings and money market accounts, and certificates of deposit.