Colony Bankcorp (NYSE:CBAN) Stock Rating Lowered by Wall Street Zen

Colony Bankcorp (NYSE:CBAN) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

CBAN has been the topic of several other reports. Hovde Group upped their price target on shares of Colony Bankcorp from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Zacks Research raised shares of Colony Bankcorp to a “hold” rating in a research report on Friday, February 6th. Brean Capital upgraded shares of Colony Bankcorp from a “neutral” rating to a “buy” rating in a research note on Monday, March 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Colony Bankcorp in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Colony Bankcorp presently has an average rating of “Moderate Buy” and an average price target of $22.00.

Colony Bankcorp Stock Performance

Shares of CBAN opened at $19.54 on Friday. The business’s 50 day moving average is $19.81 and its two-hundred day moving average is $18.12. Colony Bankcorp has a 52-week low of $13.99 and a 52-week high of $21.46. The firm has a market cap of $413.56 million, a price-to-earnings ratio of 12.29 and a beta of 0.64. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.69.

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

Hedge Funds Weigh In On Colony Bankcorp

A number of hedge funds have recently added to or reduced their stakes in CBAN. Segall Bryant & Hamill LLC bought a new position in shares of Colony Bankcorp in the 3rd quarter worth about $1,583,000. American Century Companies Inc. boosted its holdings in shares of Colony Bankcorp by 39.8% in the 2nd quarter. American Century Companies Inc. now owns 218,878 shares of the company’s stock valued at $3,605,000 after buying an additional 62,322 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Colony Bankcorp by 211.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the company’s stock valued at $110,000 after buying an additional 4,534 shares during the last quarter. SummerHaven Investment Management LLC bought a new stake in shares of Colony Bankcorp during the 3rd quarter valued at about $814,000. Finally, CWM LLC raised its stake in Colony Bankcorp by 29.0% during the third quarter. CWM LLC now owns 3,447 shares of the company’s stock worth $59,000 after acquiring an additional 774 shares during the period. Institutional investors and hedge funds own 50.37% of the company’s stock.

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.