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

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

Several other equities research analysts also recently weighed in on the stock. Zacks Research raised shares of Colony Bankcorp to a “hold” rating in a research note on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of Colony Bankcorp in a research note on Monday, December 29th. Finally, Hovde Group upped their price objective on Colony Bankcorp from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Colony Bankcorp presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Colony Bankcorp Stock Performance

NYSE CBAN opened at $19.19 on Friday. The company has a market cap of $406.15 million, a P/E ratio of 12.07 and a beta of 0.64. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.86. The stock has a 50-day moving average of $19.69 and a two-hundred day moving average of $18.03. Colony Bankcorp has a 1-year low of $13.99 and a 1-year high of $21.46.

Colony Bankcorp (NYSE:CBAN) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Colony Bankcorp had a net margin of 14.85% and a return on equity of 10.08%. The company had revenue of $27.27 million for the quarter.

Institutional Trading of Colony Bankcorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC increased its stake in shares of Colony Bankcorp by 13.4% during the fourth quarter. Hsbc Holdings PLC now owns 35,766 shares of the company’s stock worth $638,000 after acquiring an additional 4,232 shares during the period. Rockefeller Capital Management L.P. lifted its position in Colony Bankcorp by 49.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock valued at $80,000 after purchasing an additional 1,494 shares during the period. Invesco Ltd. lifted its position in Colony Bankcorp by 17.4% in the fourth quarter. Invesco Ltd. now owns 20,463 shares of the company’s stock valued at $365,000 after purchasing an additional 3,036 shares during the period. Mackenzie Financial Corp boosted its holdings in Colony Bankcorp by 27.8% in the 4th quarter. Mackenzie Financial Corp now owns 97,858 shares of the company’s stock valued at $1,746,000 after purchasing an additional 21,307 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Colony Bankcorp by 13.0% during the 4th quarter. Empowered Funds LLC now owns 67,396 shares of the company’s stock worth $1,201,000 after purchasing an additional 7,775 shares during the period. Hedge funds and other institutional investors own 50.37% of the company’s stock.

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.