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

Wall Street Zen cut shares of Colony Bankcorp (NYSE:CBAN) from a buy rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.

CBAN has been the subject of a number of other research reports. Zacks Research cut Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 11th. Weiss Ratings downgraded Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Colony Bankcorp Trading Up 0.4%

Shares of NYSE:CBAN opened at $20.44 on Friday. The stock has a market capitalization of $433.72 million, a PE ratio of 10.60 and a beta of 0.56. Colony Bankcorp has a 1 year low of $15.80 and a 1 year high of $22.46. The firm has a fifty day moving average price of $20.80 and a 200 day moving average price of $20.33. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60.

Insider Activity at Colony Bankcorp

In other news, insider Edward Canup purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were bought at an average price of $21.62 per share, with a total value of $43,240.00. Following the completion of the transaction, the insider directly owned 39,702 shares in the company, valued at $858,357.24. This trade represents a 5.30% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased a total of 7,000 shares of company stock valued at $151,290 over the last 90 days. Company insiders own 3.92% of the company’s stock.

Institutional Trading of Colony Bankcorp

Several large investors have recently modified their holdings of CBAN. State of Alaska Department of Revenue grew its stake in Colony Bankcorp by 75.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,783 shares of the company’s stock valued at $35,000 after buying an additional 767 shares during the last quarter. Engineers Gate Manager LP bought a new position in Colony Bankcorp in the 2nd quarter worth $939,000. Squarepoint Ops LLC acquired a new position in Colony Bankcorp during the 2nd quarter worth $286,000. Allen Mooney & Barnes Investment Advisors LLC lifted its position in Colony Bankcorp by 2.6% during the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 57,904 shares of the company’s stock worth $1,163,000 after acquiring an additional 1,474 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its position in Colony Bankcorp by 68.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 29,876 shares of the company’s stock worth $600,000 after acquiring an additional 12,129 shares during the last quarter. 50.37% of the stock is owned by institutional investors.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc is a bank holding company headquartered in Fitzgerald, Georgia. Through its wholly owned subsidiary, Colony Bank, the company provides banking and financial services to individuals, families, businesses and institutions. Colony Bank has roots dating to 1935 and operates as a community-focused financial institution serving markets across Georgia and neighboring areas.

The bank offers a range of personal and business deposit accounts, consumer and commercial loans, mortgage lending, treasury management and other banking services.