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

Colony Bankcorp (NASDAQ:CBAN) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Colony Bankcorp Stock Performance

Shares of NASDAQ CBAN traded down $0.06 during mid-day trading on Wednesday, hitting $14.88. The stock had a trading volume of 34,163 shares, compared to its average volume of 43,363. The company has a 50 day moving average of $13.76 and a two-hundred day moving average of $12.16. Colony Bankcorp has a twelve month low of $9.35 and a twelve month high of $15.80. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.78 and a current ratio of 0.80. The firm has a market cap of $261.28 million, a PE ratio of 11.90 and a beta of 0.58.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $42.83 million during the quarter, compared to analysts’ expectations of $28.97 million. Colony Bankcorp had a return on equity of 9.09% and a net margin of 13.03%. During the same period last year, the business posted $0.33 earnings per share. Research analysts predict that Colony Bankcorp will post 1.33 EPS for the current fiscal year.

Institutional Trading of Colony Bankcorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund boosted its holdings in Colony Bankcorp by 725.7% during the fourth quarter. New York State Common Retirement Fund now owns 7,737 shares of the financial services provider’s stock worth $103,000 after buying an additional 6,800 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Colony Bankcorp by 42.1% during the fourth quarter. BNP Paribas Financial Markets now owns 24,506 shares of the financial services provider’s stock worth $326,000 after buying an additional 7,261 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in Colony Bankcorp by 168.0% during the fourth quarter. Panagora Asset Management Inc. now owns 35,531 shares of the financial services provider’s stock worth $473,000 after buying an additional 22,272 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Colony Bankcorp during the fourth quarter worth $684,000. Finally, Trexquant Investment LP boosted its holdings in Colony Bankcorp by 31.1% during the fourth quarter. Trexquant Investment LP now owns 27,777 shares of the financial services provider’s stock worth $369,000 after buying an additional 6,586 shares in the last quarter. 50.37% of the stock is owned by institutional investors and hedge funds.

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.