Colony Bankcorp (NYSE:CBAN) Stock Rating Upgraded by Wall Street Zen

Colony Bankcorp (NYSE:CBAN) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research firms have also recently commented on CBAN. Hovde Group lifted their price objective on shares of Colony Bankcorp from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Colony Bankcorp in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Colony Bankcorp to a “hold” rating in a research note on Friday, February 6th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Colony Bankcorp has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Colony Bankcorp Price Performance

NYSE:CBAN opened at $19.19 on Friday. Colony Bankcorp has a 12-month low of $13.99 and a 12-month high of $21.46. The firm has a market capitalization of $406.23 million, a price-to-earnings ratio of 12.07 and a beta of 0.64. The stock’s 50 day moving average price is $19.69 and its two-hundred day moving average price is $18.04. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.69.

Colony Bankcorp (NYSE:CBAN) last issued its earnings results on Wednesday, January 28th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The company had revenue of $27.27 million during the quarter. Colony Bankcorp had a return on equity of 10.08% and a net margin of 14.85%.

Institutional Trading of Colony Bankcorp

Several institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its position in Colony Bankcorp by 29.0% during the 3rd quarter. CWM LLC now owns 3,447 shares of the company’s stock worth $59,000 after buying an additional 774 shares during the period. Man Group plc boosted its position in shares of Colony Bankcorp by 4.9% in the fourth quarter. Man Group plc now owns 18,793 shares of the company’s stock valued at $335,000 after acquiring an additional 874 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Colony Bankcorp by 38.4% in the second quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock valued at $57,000 after acquiring an additional 969 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Colony Bankcorp by 14.6% in the third quarter. PNC Financial Services Group Inc. now owns 7,655 shares of the company’s stock valued at $130,000 after acquiring an additional 974 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in Colony Bankcorp by 4.9% during the second quarter. Hsbc Holdings PLC now owns 29,374 shares of the company’s stock worth $484,000 after acquiring an additional 1,374 shares during the period. 50.37% of the stock is currently owned by institutional investors.

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.