Colony Bankcorp (NASDAQ:CBAN) Downgraded by StockNews.com to Hold

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 on Wednesday.

Colony Bankcorp Stock Down 0.1 %

Shares of CBAN stock opened at $16.93 on Wednesday. Colony Bankcorp has a 12 month low of $10.33 and a 12 month high of $18.03. The firm has a market cap of $296.78 million, a PE ratio of 13.54 and a beta of 0.57. The stock has a 50 day moving average of $15.64 and a 200-day moving average of $13.91. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90.

Colony Bankcorp (NASDAQ:CBAN) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company earned $0.34 earnings per share. On average, equities analysts predict that Colony Bankcorp will post 1.33 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Barclays PLC lifted its holdings in shares of Colony Bankcorp by 49.5% during the third quarter. Barclays PLC now owns 54,484 shares of the financial services provider’s stock worth $845,000 after buying an additional 18,048 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Colony Bankcorp by 2.2% in the third quarter. Geode Capital Management LLC now owns 363,547 shares of the financial services provider’s stock valued at $5,643,000 after purchasing an additional 7,740 shares in the last quarter. State Street Corp raised its stake in shares of Colony Bankcorp by 7.6% in the third quarter. State Street Corp now owns 253,507 shares of the financial services provider’s stock valued at $3,934,000 after purchasing an additional 17,865 shares in the last quarter. Martingale Asset Management L P raised its stake in shares of Colony Bankcorp by 38.2% in the third quarter. Martingale Asset Management L P now owns 47,490 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 13,119 shares in the last quarter. Finally, De Lisle Partners LLP raised its stake in shares of Colony Bankcorp by 105.8% in the third quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 35,000 shares in the last quarter. 50.37% of the stock is currently owned by institutional investors and hedge funds.

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.