Colony Bankcorp (NYSE:CBAN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Colony Bankcorp (NYSE:CBAN) from a hold rating to a buy rating in a research report released on Saturday.

CBAN has been the subject of a number of other reports. Hovde Group increased their price objective on shares of Colony Bankcorp from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings upgraded shares of Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, May 15th. Finally, Zacks Research raised shares of Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $23.00.

Colony Bankcorp Trading Down 0.3%

Colony Bankcorp stock opened at $21.77 on Friday. The firm has a 50 day moving average of $20.38 and a 200 day moving average of $20.01. The firm has a market capitalization of $460.57 million, a price-to-earnings ratio of 13.19 and a beta of 0.56. Colony Bankcorp has a 12-month low of $15.80 and a 12-month high of $22.06. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.68.

Colony Bankcorp (NYSE:CBAN) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $42.03 million for the quarter, compared to the consensus estimate of $40.90 million. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.67%. As a group, research analysts predict that Colony Bankcorp will post 1.92 earnings per share for the current year.

Colony Bankcorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, August 5th. Colony Bankcorp’s dividend payout ratio is presently 29.09%.

Institutional Investors Weigh In On Colony Bankcorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Man Group plc lifted its holdings in shares of Colony Bankcorp by 4.9% in the fourth quarter. Man Group plc now owns 18,793 shares of the company’s stock worth $335,000 after buying an additional 874 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in 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 buying an additional 969 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Colony Bankcorp by 15.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,694 shares of the company’s stock worth $174,000 after acquiring an additional 1,146 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Colony Bankcorp by 4.9% during the 2nd quarter. Hsbc Holdings PLC now owns 29,374 shares of the company’s stock worth $484,000 after acquiring an additional 1,374 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Colony Bankcorp by 49.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock worth $80,000 after acquiring an additional 1,494 shares in the last quarter. 50.37% of the stock is owned by hedge funds and other institutional investors.

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.