Colony Bankcorp (NYSE:CBAN) Downgraded to Hold Rating by Wall Street Zen

Colony Bankcorp (NYSE:CBAN) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

CBAN has been the subject of several other research reports. Zacks Research raised shares of Colony Bankcorp to a “hold” rating in a report on Friday, February 6th. Brean Capital raised shares of Colony Bankcorp from a “neutral” rating to a “buy” rating in a report on Monday, March 23rd. Hovde Group lifted their price objective on shares of Colony Bankcorp from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Colony Bankcorp in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.00.

Colony Bankcorp Trading Down 0.6%

Shares of NYSE CBAN opened at $19.54 on Friday. Colony Bankcorp has a 12-month low of $13.99 and a 12-month high of $21.46. The company has a market cap of $413.56 million, a price-to-earnings ratio of 12.29 and a beta of 0.64. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. The stock’s 50 day simple moving average is $19.81 and its 200 day simple moving average is $18.12.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in shares of Colony Bankcorp during the third quarter valued at $44,000. BNP Paribas Financial Markets raised its stake in shares of Colony Bankcorp by 38.4% during the second quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock valued at $57,000 after purchasing an additional 969 shares in the last quarter. CWM LLC lifted its holdings in Colony Bankcorp by 29.0% in the third quarter. CWM LLC now owns 3,447 shares of the company’s stock worth $59,000 after purchasing an additional 774 shares during the period. Russell Investments Group Ltd. lifted its holdings in Colony Bankcorp by 83.0% in the third quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock worth $61,000 after purchasing an additional 1,630 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in Colony Bankcorp by 49.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock valued at $80,000 after buying an additional 1,494 shares in the last quarter. 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.