Colony Bankcorp (NASDAQ:CBAN) Cut to “Hold” at StockNews.com

Colony Bankcorp (NASDAQ:CBAN) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Colony Bankcorp Stock Performance

Shares of CBAN stock opened at $17.19 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80. Colony Bankcorp has a 12 month low of $10.33 and a 12 month high of $18.03. The company’s fifty day moving average price is $15.73 and its two-hundred day moving average price is $13.95. The firm has a market capitalization of $301.34 million, a P/E ratio of 13.75 and a beta of 0.57.

Colony Bankcorp (NASDAQ:CBAN) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Colony Bankcorp had a return on equity of 8.86% and a net margin of 12.75%. The company had revenue of $44.69 million during the quarter, compared to analyst estimates of $28.67 million. During the same quarter last year, the firm earned $0.34 EPS. On average, research analysts anticipate that Colony Bankcorp will post 1.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Colony Bankcorp

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new stake in shares of Colony Bankcorp during the first quarter worth $123,000. Rothschild Investment LLC acquired a new stake in shares of Colony Bankcorp during the 2nd quarter valued at $139,000. Ritholtz Wealth Management grew its stake in shares of Colony Bankcorp by 8.9% in the 2nd quarter. Ritholtz Wealth Management now owns 26,753 shares of the financial services provider’s stock valued at $328,000 after buying an additional 2,193 shares in the last quarter. Empowered Funds LLC boosted its holdings in Colony Bankcorp by 5.2% in the third quarter. Empowered Funds LLC now owns 35,478 shares of the financial services provider’s stock worth $551,000 after purchasing an additional 1,742 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Colony Bankcorp by 47.9% during the first quarter. BNP Paribas Financial Markets now owns 36,252 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 11,746 shares during the last quarter. 50.37% of the stock is currently owned by 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.