Colony Bankcorp (NASDAQ:CBAN) Stock Rating Upgraded by StockNews.com

Colony Bankcorp (NASDAQ:CBAN) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Colony Bankcorp Price Performance

NASDAQ:CBAN opened at $10.80 on Monday. The stock has a market cap of $189.65 million, a P/E ratio of 8.71 and a beta of 0.53. Colony Bankcorp has a one year low of $8.59 and a one year high of $13.58. The company has a fifty day moving average price of $11.03 and a 200 day moving average price of $11.32. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.78 and a quick ratio of 0.77.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. Colony Bankcorp had a net margin of 13.55% and a return on equity of 9.32%. The company had revenue of $28.18 million during the quarter.

Hedge Funds Weigh In On Colony Bankcorp

A number of hedge funds have recently made changes to their positions in CBAN. Allspring Global Investments Holdings LLC acquired a new position in shares of Colony Bankcorp in the 3rd quarter valued at $192,000. Panagora Asset Management Inc. bought a new stake in shares of Colony Bankcorp in the 3rd quarter worth about $133,000. Pacific Ridge Capital Partners LLC grew its holdings in shares of Colony Bankcorp by 5.3% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 515,943 shares of the financial services provider’s stock worth $5,157,000 after purchasing an additional 26,030 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Colony Bankcorp by 23.3% in the 3rd quarter. Hsbc Holdings PLC now owns 20,660 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 3,903 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Colony Bankcorp in the 4th quarter worth about $119,000. Institutional investors and hedge funds 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.