Colony Bankcorp (NYSE:CBAN) Stock Gets Downgrade from Wall Street Zen

Colony Bankcorp (NYSE:CBAN) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Several other research analysts have also issued reports on the stock. Weiss Ratings lowered shares of Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Zacks Research downgraded shares of Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Colony Bankcorp Stock Performance

Shares of CBAN stock opened at $20.35 on Friday. The company has a market cap of $431.85 million, a price-to-earnings ratio of 12.33 and a beta of 0.56. Colony Bankcorp has a 52 week low of $15.80 and a 52 week high of $22.46. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $20.79 and a 200-day moving average of $20.65.

Insiders Place Their Bets

In other Colony Bankcorp news, insider Edward Canup acquired 2,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were purchased at an average cost of $21.62 per share, with a total value of $43,240.00. Following the completion of the purchase, the insider owned 39,702 shares of the company’s stock, valued at approximately $858,357.24. This represents a 5.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired a total of 7,000 shares of company stock worth $151,290 in the last 90 days. Corporate insiders own 3.92% of the company’s stock.

Institutional Investors Weigh In On Colony Bankcorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in Colony Bankcorp in the 2nd quarter valued at about $46,935,000. Dimensional Fund Advisors LP increased its holdings in Colony Bankcorp by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 737,755 shares of the company’s stock worth $14,732,000 after purchasing an additional 14,965 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Colony Bankcorp during the 2nd quarter worth approximately $6,025,000. Hillsdale Investment Management Inc. raised its stake in shares of Colony Bankcorp by 4.6% in the first quarter. Hillsdale Investment Management Inc. now owns 250,177 shares of the company’s stock worth $4,996,000 after purchasing an additional 10,920 shares during the last quarter. Finally, Algert Global LLC raised its stake in shares of Colony Bankcorp by 44.6% in the second quarter. Algert Global LLC now owns 227,476 shares of the company’s stock worth $4,570,000 after purchasing an additional 70,216 shares during the last quarter. 50.37% of the stock is owned by institutional investors.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc is a bank holding company headquartered in Fitzgerald, Georgia. Through its wholly owned subsidiary, Colony Bank, the company provides banking and financial services to individuals, families, businesses and institutions. Colony Bank has roots dating to 1935 and operates as a community-focused financial institution serving markets across Georgia and neighboring areas.

The bank offers a range of personal and business deposit accounts, consumer and commercial loans, mortgage lending, treasury management and other banking services.