Colony Bankcorp (NYSE:CBAN) Stock Rating Upgraded by Brean Capital

Colony Bankcorp (NYSE:CBAN) was upgraded by equities research analysts at Brean Capital from a “neutral” rating to a “buy” rating in a report issued on Monday, Marketbeat reports.

A number of other brokerages also recently issued reports on CBAN. Hovde Group raised 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. Zacks Research raised shares of Colony Bankcorp to a “hold” rating in a research report on Friday, February 6th. Wall Street Zen raised shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Colony Bankcorp in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Colony Bankcorp Trading Up 0.8%

CBAN opened at $19.61 on Monday. The stock has a market capitalization of $415.19 million, a PE ratio of 12.33 and a beta of 0.64. Colony Bankcorp has a one year low of $13.99 and a one year high of $21.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 0.88. The business’s 50 day moving average price is $19.75 and its 200 day moving average price is $18.07.

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

Hedge Funds Weigh In On Colony Bankcorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in shares of Colony Bankcorp by 153.9% in the first quarter. AQR Capital Management LLC now owns 28,466 shares of the company’s stock worth $460,000 after acquiring an additional 17,253 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Colony Bankcorp by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 98,128 shares of the company’s stock valued at $1,585,000 after acquiring an additional 9,226 shares in the last quarter. Empowered Funds LLC boosted its holdings in Colony Bankcorp by 28.8% in the first quarter. Empowered Funds LLC now owns 47,942 shares of the company’s stock valued at $774,000 after purchasing an additional 10,709 shares during the period. Jane Street Group LLC grew its stake in Colony Bankcorp by 46.8% during the 1st quarter. Jane Street Group LLC now owns 41,462 shares of the company’s stock worth $670,000 after purchasing an additional 13,216 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Colony Bankcorp by 211.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the company’s stock worth $110,000 after purchasing an additional 4,534 shares in the last quarter. Hedge funds and other institutional investors own 50.37% of the company’s stock.

About Colony Bankcorp

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.