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

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

Colony Bankcorp Trading Up 1.0 %

CBAN stock opened at $10.98 on Tuesday. The stock has a market cap of $192.81 million, a price-to-earnings ratio of 8.78 and a beta of 0.53. The business’s 50-day moving average is $10.96 and its 200 day moving average is $11.35. Colony Bankcorp has a 12-month low of $8.59 and a 12-month high of $13.58. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.94.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC increased its holdings in shares of Colony Bankcorp by 23.3% in the third quarter. Hsbc Holdings PLC now owns 20,660 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 3,903 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Colony Bankcorp in the 4th quarter valued at $119,000. Pacific Ridge Capital Partners LLC increased its stake in shares of Colony Bankcorp by 5.3% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 515,943 shares of the financial services provider’s stock worth $5,157,000 after acquiring an additional 26,030 shares during the last quarter. Panagora Asset Management Inc. purchased a new position in shares of Colony Bankcorp during the 3rd quarter worth $133,000. Finally, Ritholtz Wealth Management acquired a new position in shares of Colony Bankcorp during the 4th quarter valued at about $197,000. 50.37% of the stock is owned by hedge funds and other institutional investors.

About Colony Bankcorp

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.