Colony Bankcorp (NASDAQ:CBAN) Lowered to Hold Rating by StockNews.com

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

Colony Bankcorp Stock Performance

Shares of NASDAQ CBAN opened at $16.93 on Wednesday. The business has a fifty day simple moving average of $15.64 and a 200 day simple moving average of $13.91. Colony Bankcorp has a one year low of $10.33 and a one year high of $18.03. The firm has a market capitalization of $296.78 million, a price-to-earnings ratio of 13.54 and a beta of 0.57. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Colony Bankcorp had a return on equity of 8.86% and a net margin of 12.75%. The firm had revenue of $44.69 million for the quarter, compared to analysts’ expectations of $28.67 million. During the same period in the prior year, the business posted $0.34 earnings per share. Sell-side analysts expect that Colony Bankcorp will post 1.33 EPS for the current year.

Institutional Trading of Colony Bankcorp

A number of large investors have recently bought and sold shares of CBAN. Dimensional Fund Advisors LP grew its holdings in shares of Colony Bankcorp by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 508,394 shares of the financial services provider’s stock worth $6,228,000 after purchasing an additional 38,457 shares during the last quarter. De Lisle Partners LLP grew its holdings in shares of Colony Bankcorp by 105.8% during the third quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider’s stock worth $1,058,000 after purchasing an additional 35,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Colony Bankcorp by 116.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,285 shares of the financial services provider’s stock worth $579,000 after purchasing an additional 20,031 shares during the last quarter. Barclays PLC grew its holdings in shares of Colony Bankcorp by 49.5% during the third quarter. Barclays PLC now owns 54,484 shares of the financial services provider’s stock worth $845,000 after purchasing an additional 18,048 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Colony Bankcorp by 7.6% during the third quarter. State Street Corp now owns 253,507 shares of the financial services provider’s stock worth $3,934,000 after purchasing an additional 17,865 shares during the last quarter. 50.37% of the stock is currently owned by institutional investors.

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.