Colony Bankcorp (NYSE:CBAN) Stock Rating Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Colony Bankcorp (NYSE:CBAN) from a hold rating to a buy rating in a report released on Sunday,Wall Street Zen reports.

Other analysts have also issued reports about the stock. Weiss Ratings lowered shares of Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a report 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 given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Colony Bankcorp Stock Up 0.0%

CBAN stock opened at $20.35 on Friday. Colony Bankcorp has a fifty-two week low of $15.80 and a fifty-two week high of $22.46. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $431.83 million, a price-to-earnings ratio of 11.18 and a beta of 0.57. The stock has a fifty day moving average of $20.66 and a 200-day moving average of $20.39.

Colony Bankcorp (NYSE:CBAN) last released its earnings results on Wednesday, October 28th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. Colony Bankcorp had a return on equity of 10.73% and a net margin of 16.71%. The business had revenue of $42.72 million for the quarter, compared to the consensus estimate of $41.20 million. As a group, equities research analysts predict that Colony Bankcorp will post 2.07 earnings per share for the current year.

Colony Bankcorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.48 annualized dividend and a yield of 2.4%. Colony Bankcorp’s dividend payout ratio is presently 26.37%.

Insider Buying and Selling at Colony Bankcorp

In other news, insider Edward Canup acquired 2,000 shares of Colony Bankcorp stock in a transaction on Wednesday, August 19th. The stock was acquired at an average cost of $21.62 per share, with a total value of $43,240.00. Following the completion of the acquisition, the insider owned 39,702 shares in the company, valued at approximately $858,357.24. This trade represents a 5.30% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 5,000 shares of company stock valued at $107,690 in the last 90 days. 3.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On Colony Bankcorp

Several large investors have recently added to or reduced their stakes in CBAN. State of Wyoming purchased a new position in Colony Bankcorp during the 3rd quarter worth approximately $202,000. State of Alaska Department of Revenue lifted its holdings in shares of Colony Bankcorp by 75.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 1,783 shares of the company’s stock valued at $35,000 after acquiring an additional 767 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Colony Bankcorp in the second quarter worth $939,000. Squarepoint Ops LLC bought a new position in shares of Colony Bankcorp in the second quarter valued at approximately $286,000. Finally, Allen Mooney & Barnes Investment Advisors LLC increased its holdings in shares of Colony Bankcorp by 2.6% in the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 57,904 shares of the company’s stock valued at $1,163,000 after purchasing an additional 1,474 shares during the period. 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.