Colony Bankcorp (NYSE:CBAN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Colony Bankcorp (NYSE:CBAN) from a hold rating to a buy rating in a report issued on Sunday,Wall Street Zen reports.

Other analysts have also issued research reports about the company. Weiss Ratings lowered Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Zacks Research cut Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Colony Bankcorp Trading Down 1.6%

Shares of CBAN opened at $20.30 on Friday. Colony Bankcorp has a 1-year low of $15.90 and a 1-year high of $22.46. The company has a 50-day moving average of $20.62 and a 200 day moving average of $20.41. The firm has a market capitalization of $430.72 million, a price-to-earnings ratio of 10.36 and a beta of 0.57. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88.

Colony Bankcorp (NYSE:CBAN) last issued its earnings results on Wednesday, October 28th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The business had revenue of $42.64 million for the quarter, compared to the consensus estimate of $41.20 million. Colony Bankcorp had a net margin of 16.71% and a return on equity of 10.73%. On average, research analysts expect that Colony Bankcorp will post 2.07 EPS for the current year.

Colony Bankcorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.48 dividend on an annualized basis and a yield of 2.4%. Colony Bankcorp’s dividend payout ratio is 26.37%.

Insider Transactions at Colony Bankcorp

In other Colony Bankcorp news, insider Edward Canup bought 2,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were bought at an average cost of $21.62 per share, for a total transaction of $43,240.00. Following the acquisition, the insider directly owned 39,702 shares in the company, valued at approximately $858,357.24. The trade was a 5.30% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have bought 5,000 shares of company stock worth $107,690. 3.92% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Colony Bankcorp

Several large investors have recently modified their holdings of the business. State of Wyoming bought a new position in Colony Bankcorp in the third quarter worth approximately $202,000. State of Alaska Department of Revenue lifted its holdings in Colony Bankcorp by 75.5% during the third quarter. State of Alaska Department of Revenue now owns 1,783 shares of the company’s stock worth $35,000 after buying an additional 767 shares during the period. Engineers Gate Manager LP bought a new stake in Colony Bankcorp during the 2nd quarter valued at $939,000. Squarepoint Ops LLC bought a new stake in Colony Bankcorp during the 2nd quarter valued at $286,000. Finally, Allen Mooney & Barnes Investment Advisors LLC boosted 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 valued at $1,163,000 after acquiring an additional 1,474 shares in the last quarter. 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.