Colony Bankcorp (NYSE:CBAN) Stock Rating Lowered by Wall Street Zen

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

A number of other research firms have also recently issued reports on CBAN. Brean Capital upgraded Colony Bankcorp from a “neutral” rating to a “buy” rating in a research report on Monday, March 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Colony Bankcorp in a research note on Monday, December 29th. Hovde Group increased their price objective on shares of Colony Bankcorp from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Finally, Zacks Research raised shares of Colony Bankcorp to a “hold” rating in a research note on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Colony Bankcorp Stock Performance

CBAN opened at $19.52 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average price is $19.82 and its two-hundred day moving average price is $18.14. The firm has a market capitalization of $413.20 million, a P/E ratio of 12.28 and a beta of 0.64. Colony Bankcorp has a 12-month low of $13.99 and a 12-month high of $21.46.

Colony Bankcorp (NYSE:CBAN) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $27.27 million during the quarter. Colony Bankcorp had a net margin of 14.85% and a return on equity of 10.08%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CBAN. Hsbc Holdings PLC boosted its stake in shares of Colony Bankcorp by 13.4% in the 4th quarter. Hsbc Holdings PLC now owns 35,766 shares of the company’s stock valued at $638,000 after purchasing an additional 4,232 shares in the last quarter. Rockefeller Capital Management L.P. increased its position 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 purchasing an additional 1,494 shares in the last quarter. Invesco Ltd. increased its position in shares of Colony Bankcorp by 17.4% during the 4th quarter. Invesco Ltd. now owns 20,463 shares of the company’s stock worth $365,000 after purchasing an additional 3,036 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Colony Bankcorp by 27.8% during the 4th quarter. Mackenzie Financial Corp now owns 97,858 shares of the company’s stock valued at $1,746,000 after purchasing an additional 21,307 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in Colony Bankcorp by 13.0% during the 4th quarter. Empowered Funds LLC now owns 67,396 shares of the company’s stock valued at $1,201,000 after purchasing an additional 7,775 shares during the last quarter. 50.37% of the stock is 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.