Wall Street Zen Downgrades Colony Bankcorp (NYSE:CBAN) to Hold

Colony Bankcorp (NYSE:CBAN) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts have also recently issued reports about the company. Weiss Ratings upgraded Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, May 15th. Hovde Group increased their target price 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. 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 investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $23.00.

Colony Bankcorp Stock Down 0.1%

Shares of Colony Bankcorp stock opened at $21.98 on Friday. The business has a 50-day moving average price of $20.79 and a 200 day moving average price of $20.24. Colony Bankcorp has a fifty-two week low of $15.80 and a fifty-two week high of $22.40. The firm has a market cap of $466.50 million, a P/E ratio of 13.32 and a beta of 0.55. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Colony Bankcorp (NYSE:CBAN) last released its earnings results on Wednesday, July 22nd. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Colony Bankcorp had a return on equity of 10.40% and a net margin of 15.42%.The company had revenue of $42.03 million for the quarter, compared to the consensus estimate of $40.90 million. On average, sell-side analysts forecast that Colony Bankcorp will post 1.92 earnings per share for the current fiscal year.

Insider Activity at Colony Bankcorp

In other news, insider Edward G. Canup purchased 2,000 shares of the stock in a transaction dated Thursday, July 30th. The stock was acquired at an average price of $21.80 per share, for a total transaction of $43,600.00. Following the completion of the transaction, the insider owned 36,702 shares of the company’s stock, valued at approximately $800,103.60. The trade was a 5.76% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.92% of the company’s stock.

Institutional Trading of Colony Bankcorp

Hedge funds have recently bought and sold shares of the company. Thomasville National Bank bought a new position in Colony Bankcorp in the 4th quarter valued at about $1,015,000. Oppenheimer & Close LLC acquired a new position in Colony Bankcorp during the 4th quarter valued at about $958,000. Nicholas Hoffman & Company LLC. bought a new stake in shares of Colony Bankcorp during the 1st quarter worth about $1,068,000. Fiduciary Alliance LLC bought a new stake in shares of Colony Bankcorp during the 1st quarter worth about $205,000. Finally, Empowered Funds LLC lifted its stake in shares of Colony Bankcorp by 7.4% in the 1st quarter. Empowered Funds LLC now owns 72,384 shares of the company’s stock worth $1,446,000 after acquiring an additional 4,988 shares during the period. 50.37% of the stock is currently owned by institutional investors.

About Colony Bankcorp

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.