Colony Bankcorp (NASDAQ:CBAN) Downgraded to Hold at StockNews.com

Colony Bankcorp (NASDAQ:CBAN) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Colony Bankcorp Trading Up 1.9 %

NASDAQ CBAN opened at $12.10 on Tuesday. Colony Bankcorp has a one year low of $9.03 and a one year high of $13.58. The company’s 50 day moving average price is $11.09 and its 200 day moving average price is $11.53. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.77 and a current ratio of 0.78. The firm has a market capitalization of $212.48 million, a price-to-earnings ratio of 9.68 and a beta of 0.54.

Colony Bankcorp (NASDAQ:CBAN) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.33 EPS for the quarter. Colony Bankcorp had a net margin of 13.17% and a return on equity of 9.22%. The firm had revenue of $28.14 million for the quarter. On average, sell-side analysts predict that Colony Bankcorp will post 1.31 EPS for the current year.

Institutional Trading of Colony Bankcorp

Large investors have recently bought and sold shares of the company. Hsbc Holdings PLC grew its position in Colony Bankcorp by 23.3% in the third quarter. Hsbc Holdings PLC now owns 20,660 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 3,903 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Colony Bankcorp in the fourth quarter valued at approximately $119,000. Pacific Ridge Capital Partners LLC grew its position in Colony Bankcorp by 5.3% in the third quarter. Pacific Ridge Capital Partners LLC now owns 515,943 shares of the financial services provider’s stock valued at $5,157,000 after acquiring an additional 26,030 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in Colony Bankcorp in the third quarter valued at approximately $133,000. Finally, Ritholtz Wealth Management acquired a new stake in Colony Bankcorp in the fourth quarter valued at approximately $197,000. 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.