Colony Bankcorp (NYSE:CBAN) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Colony Bankcorp (NYSE:CBAN) from a buy rating to a hold rating in a report issued on Sunday.

Several other equities analysts have also commented on the stock. Hovde Group increased their price objective on shares of Colony Bankcorp from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Colony Bankcorp in a report on Monday, December 29th. Brean Capital raised shares of Colony Bankcorp from a “neutral” rating to a “buy” rating in a report on Monday, March 23rd. Finally, Zacks Research upgraded Colony Bankcorp to a “hold” rating in a research report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Colony Bankcorp Stock Performance

NYSE:CBAN opened at $19.95 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.85. Colony Bankcorp has a 1 year low of $13.99 and a 1 year high of $21.46. The stock’s 50 day simple moving average is $19.85 and its two-hundred day simple moving average is $18.16. The company has a market cap of $422.24 million, a price-to-earnings ratio of 12.54 and a beta of 0.64.

Colony Bankcorp (NYSE:CBAN) last posted its earnings results 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 return on equity of 10.08% and a net margin of 14.85%.The firm had revenue of $27.27 million during the quarter.

Colony Bankcorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.4%. This is a positive change from Colony Bankcorp’s previous quarterly dividend of $0.12. The ex-dividend date was Wednesday, February 11th. Colony Bankcorp’s dividend payout ratio is 30.19%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Fourthstone LLC increased its position in shares of Colony Bankcorp by 165.9% during the fourth quarter. Fourthstone LLC now owns 1,711,213 shares of the company’s stock worth $30,494,000 after acquiring an additional 1,067,540 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in Colony Bankcorp in the third quarter worth approximately $3,148,000. Segall Bryant & Hamill LLC bought a new position in Colony Bankcorp in the third quarter worth approximately $1,583,000. American Century Companies Inc. increased its holdings in Colony Bankcorp by 39.8% during the 2nd quarter. American Century Companies Inc. now owns 218,878 shares of the company’s stock worth $3,605,000 after purchasing an additional 62,322 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in Colony Bankcorp during the 3rd quarter worth $1,016,000. 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.