Colony Bankcorp (NASDAQ:CBAN) Rating Increased to Buy at StockNews.com

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

Colony Bankcorp Trading Down 0.3 %

Shares of CBAN stock opened at $17.62 on Thursday. The stock has a market cap of $308.88 million, a price-to-earnings ratio of 14.10 and a beta of 0.57. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90. Colony Bankcorp has a fifty-two week low of $10.33 and a fifty-two week high of $18.42. The firm’s 50 day moving average price is $15.86 and its two-hundred day moving average price is $14.12.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $44.69 million for the quarter, compared to analysts’ expectations of $28.67 million. Colony Bankcorp had a net margin of 12.75% and a return on equity of 8.86%. During the same period in the previous year, the company posted $0.34 earnings per share. On average, analysts anticipate that Colony Bankcorp will post 1.38 EPS for the current year.

Institutional Trading of Colony Bankcorp

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Colony Bankcorp by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 508,394 shares of the financial services provider’s stock valued at $6,228,000 after purchasing an additional 38,457 shares during the period. Rothschild Investment LLC bought a new stake in shares of Colony Bankcorp in the second quarter worth $139,000. Bank of New York Mellon Corp increased its stake in shares of Colony Bankcorp by 15.4% in the second quarter. Bank of New York Mellon Corp now owns 58,044 shares of the financial services provider’s stock worth $711,000 after buying an additional 7,726 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Colony Bankcorp in the first quarter worth $123,000. Finally, Vanguard Group Inc. increased its stake in shares of Colony Bankcorp by 0.8% in the first quarter. Vanguard Group Inc. now owns 918,020 shares of the financial services provider’s stock worth $10,557,000 after buying an additional 6,891 shares during the last quarter. Hedge funds and other institutional investors own 50.37% of the company’s stock.

Colony Bankcorp Company Profile

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.