Colony Bankcorp (CBAN) Projected to Post Earnings on Wednesday

Colony Bankcorp (NASDAQ:CBAN) is anticipated to release its results after the market closes on Wednesday, October 22nd. Analysts expect Colony Bankcorp to post earnings of $0.41 per share and revenue of $33.70 million for the quarter.

Colony Bankcorp Stock Performance

NASDAQ:CBAN opened at $16.29 on Tuesday. The stock has a market cap of $284.42 million, a P/E ratio of 12.07 and a beta of 0.66. The firm’s fifty day simple moving average is $16.97 and its 200 day simple moving average is $16.28. Colony Bankcorp has a twelve month low of $13.99 and a twelve month high of $18.49. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90.

Institutional Trading of Colony Bankcorp

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of Colony Bankcorp by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 367,897 shares of the financial services provider’s stock valued at $6,060,000 after buying an additional 10,798 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Colony Bankcorp by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 286,561 shares of the financial services provider’s stock valued at $4,720,000 after buying an additional 2,313 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Colony Bankcorp by 2.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 132,883 shares of the financial services provider’s stock valued at $2,189,000 after buying an additional 3,411 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Colony Bankcorp by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 98,128 shares of the financial services provider’s stock valued at $1,585,000 after buying an additional 9,226 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Colony Bankcorp by 21.7% during the 2nd quarter. Marshall Wace LLP now owns 84,012 shares of the financial services provider’s stock valued at $1,384,000 after buying an additional 14,983 shares in the last quarter. Institutional investors own 50.37% of the company’s stock.

Analyst Ratings Changes

Separately, Hovde Group lifted their price target on shares of Colony Bankcorp from $19.50 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $21.00.

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.