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

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

Colony Bankcorp Stock Up 1.3 %

NASDAQ CBAN opened at $17.19 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81. Colony Bankcorp has a one year low of $10.33 and a one year high of $18.03. The stock has a 50 day moving average price of $15.73 and a 200-day moving average price of $13.95. The company 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Colony Bankcorp had a net margin of 12.75% and a return on equity of 8.86%. The firm had revenue of $44.69 million during the quarter, compared to analyst estimates of $28.67 million. During the same period in the previous year, the firm earned $0.34 earnings per share. As a group, equities analysts predict that Colony Bankcorp will post 1.33 EPS for the current fiscal year.

Institutional Trading of Colony Bankcorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CBAN. Quadrature Capital Ltd acquired a new position in shares of Colony Bankcorp during the 1st quarter valued at about $123,000. Rothschild Investment LLC acquired a new stake in shares of Colony Bankcorp in the 2nd quarter valued at approximately $139,000. Ritholtz Wealth Management boosted its stake in shares of Colony Bankcorp by 8.9% during the 2nd quarter. Ritholtz Wealth Management now owns 26,753 shares of the financial services provider’s stock worth $328,000 after acquiring an additional 2,193 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Colony Bankcorp by 47.9% during the 1st quarter. BNP Paribas Financial Markets now owns 36,252 shares of the financial services provider’s stock worth $417,000 after buying an additional 11,746 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Colony Bankcorp by 44.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 44,589 shares of the financial services provider’s stock worth $513,000 after acquiring an additional 13,701 shares during the last quarter. Institutional investors and hedge funds own 50.37% of the company’s stock.

Colony Bankcorp Company Profile

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.