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

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

Several other equities analysts also recently issued reports on CBAN. Weiss Ratings raised shares of Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, May 15th. Hovde Group lifted their price objective on shares of Colony Bankcorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Zacks Research raised shares of Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $23.00.

Colony Bankcorp Stock Performance

Shares of CBAN stock opened at $21.79 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average of $20.33 and a two-hundred day moving average of $19.98. Colony Bankcorp has a 52 week low of $15.80 and a 52 week high of $22.06. The company has a market cap of $461.06 million, a P/E ratio of 13.21 and a beta of 0.56.

Colony Bankcorp (NYSE:CBAN) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $42.03 million for the quarter, compared to analysts’ expectations of $40.90 million. Colony Bankcorp had a return on equity of 10.67% and a net margin of 15.42%. As a group, analysts anticipate that Colony Bankcorp will post 1.92 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Man Group plc raised its stake in shares of Colony Bankcorp by 4.9% during the fourth quarter. Man Group plc now owns 18,793 shares of the company’s stock valued at $335,000 after purchasing an additional 874 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Colony Bankcorp by 38.4% during the 2nd 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. PNC Financial Services Group Inc. raised its position in shares of Colony Bankcorp by 15.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,694 shares of the company’s stock worth $174,000 after buying an additional 1,146 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Colony Bankcorp by 4.9% in the 2nd quarter. Hsbc Holdings PLC now owns 29,374 shares of the company’s stock worth $484,000 after acquiring an additional 1,374 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Colony Bankcorp by 49.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock worth $80,000 after acquiring an additional 1,494 shares during the period. 50.37% of the stock is 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.