Colony Bankcorp (NASDAQ:CBAN) Rating Lowered to Hold at StockNews.com

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

Colony Bankcorp Stock Performance

Shares of Colony Bankcorp stock opened at $16.02 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. The stock has a market capitalization of $280.78 million, a price-to-earnings ratio of 12.82 and a beta of 0.61. The business has a 50-day moving average of $16.59 and a 200 day moving average of $14.74. Colony Bankcorp has a 12 month low of $10.33 and a 12 month high of $18.49.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating 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 business had revenue of $44.69 million for the quarter, compared to analysts’ expectations of $28.67 million. During the same period last year, the firm earned $0.34 earnings per share. As a group, sell-side analysts forecast that Colony Bankcorp will post 1.38 earnings per share for the current year.

Institutional Investors Weigh In On Colony Bankcorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in shares of Colony Bankcorp by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 508,394 shares of the financial services provider’s stock worth $6,228,000 after acquiring an additional 38,457 shares during the last quarter. Geode Capital Management LLC grew its position in Colony Bankcorp by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 363,547 shares of the financial services provider’s stock worth $5,643,000 after purchasing an additional 7,740 shares during the last quarter. State Street Corp increased its stake in 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 during the period. Renaissance Technologies LLC raised its holdings in shares of Colony Bankcorp by 3.6% in the second quarter. Renaissance Technologies LLC now owns 95,078 shares of the financial services provider’s stock valued at $1,165,000 after buying an additional 3,300 shares during the last quarter. Finally, De Lisle Partners LLP boosted its stake in shares of Colony Bankcorp by 105.8% during the third quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider’s stock worth $1,058,000 after buying an additional 35,000 shares during the period. 50.37% of the stock is owned by hedge funds and other institutional investors.

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.