Colony Bankcorp (NYSE:CBAN) Upgraded by Brean Capital to “Buy” Rating

Brean Capital upgraded shares of Colony Bankcorp (NYSE:CBAN) from a neutral rating to a buy rating in a report published on Monday morning, MarketBeat.com reports.

CBAN has been the topic of a number of other reports. Hovde Group raised their price objective on Colony Bankcorp from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Zacks Research raised Colony Bankcorp to a “hold” rating in a research note on Friday, February 6th. Wall Street Zen upgraded Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Colony Bankcorp in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Colony Bankcorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Colony Bankcorp Trading Up 2.3%

CBAN stock opened at $19.46 on Monday. The company has a market capitalization of $411.93 million, a PE ratio of 12.24 and a beta of 0.64. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 0.88. Colony Bankcorp has a one year low of $13.99 and a one year high of $21.46. The company’s 50 day moving average price is $19.72 and its two-hundred day moving average price is $18.06.

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

Colony Bankcorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.5%. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.12. The ex-dividend date was Wednesday, February 11th. Colony Bankcorp’s dividend payout ratio (DPR) is presently 30.19%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CBAN. Public Employees Retirement System of Ohio bought a new stake in shares of Colony Bankcorp during the 3rd quarter valued at about $44,000. BNP Paribas Financial Markets raised its stake in Colony Bankcorp by 38.4% in the second quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock worth $57,000 after buying an additional 969 shares in the last quarter. CWM LLC raised its stake in Colony Bankcorp by 29.0% in the third quarter. CWM LLC now owns 3,447 shares of the company’s stock worth $59,000 after buying an additional 774 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Colony Bankcorp by 83.0% in the third quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock worth $61,000 after buying an additional 1,630 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in Colony Bankcorp by 49.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock valued at $80,000 after acquiring an additional 1,494 shares in the last quarter. 50.37% of the stock is currently owned by institutional investors.

About Colony Bankcorp

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.