Zacks Research Upgrades Colony Bankcorp (NYSE:CBAN) to Strong-Buy

Colony Bankcorp (NYSE:CBAN) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other analysts also recently issued reports on CBAN. Weiss Ratings raised shares of Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, May 15th. Hovde Group raised 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. Wall Street Zen downgraded Colony Bankcorp from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, Brean Capital upgraded Colony Bankcorp from a “neutral” rating to a “buy” rating in a research report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $23.00.

Colony Bankcorp Trading Up 0.4%

NYSE:CBAN opened at $20.48 on Tuesday. The company has a market capitalization of $433.46 million, a PE ratio of 12.80 and a beta of 0.56. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.68. Colony Bankcorp has a 52-week low of $15.80 and a 52-week high of $21.61. The stock has a fifty day simple moving average of $20.11 and a 200-day simple moving average of $19.82.

Colony Bankcorp (NYSE:CBAN) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $39.90 million for the quarter, compared to analyst estimates of $42.10 million. Colony Bankcorp had a net margin of 14.83% and a return on equity of 10.23%. On average, equities research analysts expect that Colony Bankcorp will post 1.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Man Group plc lifted its position in Colony Bankcorp by 4.9% during 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 during the period. BNP Paribas Financial Markets grew its holdings in Colony Bankcorp by 38.4% in the 2nd 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 period. PNC Financial Services Group Inc. grew its holdings in Colony Bankcorp by 15.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,694 shares of the company’s stock valued at $174,000 after buying an additional 1,146 shares during the period. Hsbc Holdings PLC increased its stake 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 valued at $484,000 after acquiring an additional 1,374 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake 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 valued at $80,000 after acquiring an additional 1,494 shares during the last quarter. 50.37% of the stock is currently owned by institutional investors and hedge funds.

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.