Colony Bankcorp (NASDAQ:CBAN) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Colony Bankcorp (NASDAQ:CBAN) from a hold rating to a buy rating in a research note released on Monday.

Colony Bankcorp Stock Performance

Shares of Colony Bankcorp stock opened at $10.85 on Monday. The company’s 50 day moving average price is $11.02 and its two-hundred day moving average price is $11.32. The firm has a market capitalization of $190.53 million, a P/E ratio of 8.75 and a beta of 0.53. Colony Bankcorp has a fifty-two week low of $8.59 and a fifty-two week high of $13.58. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.78 and a quick ratio of 0.77.

Colony Bankcorp (NASDAQ:CBAN) last released its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.31 earnings per share for the quarter. Colony Bankcorp had a return on equity of 9.32% and a net margin of 13.55%. The company had revenue of $28.18 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. bought a new stake in Colony Bankcorp during the 4th quarter worth approximately $45,000. New York State Common Retirement Fund increased its holdings in Colony Bankcorp by 725.7% in the fourth quarter. New York State Common Retirement Fund now owns 7,737 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 6,800 shares during the period. SG Americas Securities LLC bought a new position in Colony Bankcorp during the 4th quarter worth $119,000. Panagora Asset Management Inc. acquired a new position in Colony Bankcorp during the 3rd quarter worth about $133,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Colony Bankcorp in the 3rd quarter valued at about $192,000. Institutional investors and hedge funds own 50.37% of the company’s stock.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and consumer customers. The company offers deposit products, including demand, savings, and time deposits. It also provides loans to small and medium-sized businesses; residential and commercial construction, and land development loans; commercial real estate loans; commercial loans; agri-business and production loans; residential mortgage loans; home equity loans; and consumer loans.