Hovde Group Forecasts Strong Price Appreciation for Colony Bankcorp (NASDAQ:CBAN) Stock

Colony Bankcorp (NASDAQ:CBAN) had its price target raised by stock analysts at Hovde Group from $21.00 to $22.00 in a report issued on Monday, MarketBeat reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Hovde Group’s target price would suggest a potential upside of 7.34% from the stock’s previous close.

Colony Bankcorp Trading Up 1.9%

CBAN stock opened at $20.50 on Monday. Colony Bankcorp has a 52 week low of $13.99 and a 52 week high of $20.65. The company has a market capitalization of $435.54 million, a PE ratio of 15.18 and a beta of 0.66. The company’s 50-day simple moving average is $18.22 and its 200 day simple moving average is $17.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81.

Institutional Trading of Colony Bankcorp

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in Colony Bankcorp in the third quarter valued at about $44,000. CWM LLC increased its holdings in Colony Bankcorp by 29.0% in the 3rd quarter. CWM LLC now owns 3,447 shares of the financial services provider’s stock valued at $59,000 after buying an additional 774 shares during the period. BNP Paribas Financial Markets increased its holdings in Colony Bankcorp by 38.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,491 shares of the financial services provider’s stock valued at $57,000 after buying an additional 969 shares during the period. Russell Investments Group Ltd. raised its position in shares of Colony Bankcorp by 83.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,593 shares of the financial services provider’s stock valued at $61,000 after buying an additional 1,630 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Colony Bankcorp by 211.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 4,534 shares during the period. 50.37% of the stock is owned by institutional investors and hedge funds.

Colony Bankcorp Company Profile

Colony Bankcorp is a bank holding company headquartered in Fitzgerald, Georgia, operating through its wholly owned subsidiary Colony Bank. The company offers a full suite of commercial and consumer banking products, including checking and savings accounts, certificates of deposit, and mortgage lending. In addition to traditional deposit and loan services, Colony Bank provides home equity loans, SBA financing, and treasury management solutions tailored to small and medium-sized businesses.

Beyond its core banking offerings, Colony Bankcorp delivers trust and wealth management services through dedicated fiduciary professionals.