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

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

A number of other equities research analysts have also recently weighed in on CBAN. Zacks Research cut Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. Weiss Ratings lowered shares of Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Colony Bankcorp Stock Up 0.5%

CBAN opened at $20.35 on Friday. The business has a 50 day moving average price of $20.79 and a two-hundred day moving average price of $20.65. Colony Bankcorp has a 52 week low of $15.80 and a 52 week high of $22.46. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The company has a market cap of $431.87 million, a PE ratio of 12.33 and a beta of 0.56.

Colony Bankcorp (NYSE:CBAN) last issued its quarterly 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. The business had revenue of $42.03 million during the quarter, compared to the consensus estimate of $40.90 million. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%. As a group, research analysts anticipate that Colony Bankcorp will post 2.00 EPS for the current year.

Insider Transactions at Colony Bankcorp

In other Colony Bankcorp news, insider Edward Canup bought 2,000 shares of Colony Bankcorp stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average price of $21.62 per share, for a total transaction of $43,240.00. Following the completion of the acquisition, the insider owned 39,702 shares of the company’s stock, valued at $858,357.24. This trade represents a 5.30% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders bought 7,000 shares of company stock worth $151,290. 3.92% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Colony Bankcorp

A number of hedge funds and other institutional investors have recently bought and sold shares of CBAN. State of Alaska Department of Revenue boosted its stake in shares of 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 purchasing an additional 767 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Colony Bankcorp by 15.2% during the first quarter. PNC Financial Services Group Inc. now owns 8,694 shares of the company’s stock worth $174,000 after acquiring an additional 1,146 shares during the period. Allen Mooney & Barnes Investment Advisors LLC increased its position in Colony Bankcorp by 2.6% in the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 57,904 shares of the company’s stock worth $1,163,000 after buying an additional 1,474 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Colony Bankcorp by 49.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock valued at $80,000 after buying an additional 1,494 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in Colony Bankcorp in the 2nd quarter valued at $42,000. Institutional investors own 50.37% of the company’s stock.

About Colony Bankcorp

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.