Wall Street Zen Upgrades Colony Bankcorp (NYSE:CBAN) to “Buy”

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

Several other brokerages also recently commented on CBAN. Weiss Ratings raised Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, May 15th. Zacks Research raised shares of Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Finally, Hovde Group upped their price target on shares of Colony Bankcorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat.com, Colony Bankcorp presently has an average rating of “Buy” and a consensus price target of $23.00.

Colony Bankcorp Stock Up 1.0%

Shares of NYSE:CBAN opened at $21.79 on Friday. Colony Bankcorp has a 1 year low of $15.80 and a 1 year high of $22.06. The business has a 50 day simple moving average of $20.33 and a two-hundred day simple moving average of $19.97. The firm has a market capitalization of $461.06 million, a PE ratio of 13.21 and a beta of 0.56. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.89 and a quick ratio of 0.88.

Colony Bankcorp (NYSE:CBAN) last released its earnings results on Wednesday, July 22nd. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Colony Bankcorp had a return on equity of 10.67% and a net margin of 15.42%.The firm had revenue of $42.03 million for the quarter, compared to analysts’ expectations of $40.90 million. On average, equities analysts predict that Colony Bankcorp will post 1.92 EPS for the current year.

Institutional Investors Weigh In On Colony Bankcorp

Several hedge funds have recently modified their holdings of the business. Allen Mooney & Barnes Investment Advisors LLC bought a new position in shares of Colony Bankcorp during the fourth quarter valued at approximately $1,006,000. Thomasville National Bank bought a new position in Colony Bankcorp in the fourth quarter worth approximately $1,015,000. Oppenheimer & Close LLC bought a new position in Colony Bankcorp in the fourth quarter worth approximately $958,000. Nicholas Hoffman & Company LLC. purchased a new stake in Colony Bankcorp during the first quarter worth $1,068,000. Finally, Fiduciary Alliance LLC purchased a new stake in Colony Bankcorp during the first quarter worth $205,000. 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.