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

Colony Bankcorp (NASDAQ:CBAN) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Colony Bankcorp Trading Up 0.1 %

NASDAQ CBAN traded up $0.01 during trading hours on Tuesday, hitting $17.36. 43,633 shares of the company were exchanged, compared to its average volume of 41,199. Colony Bankcorp has a 52 week low of $9.92 and a 52 week high of $18.03. The stock has a market cap of $305.36 million, a PE ratio of 13.89 and a beta of 0.57. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 1.01. The stock has a 50-day moving average price of $15.42 and a 200 day moving average price of $13.70.

Colony Bankcorp (NASDAQ:CBAN) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $44.69 million during the quarter, compared to the consensus estimate of $28.67 million. Colony Bankcorp had a return on equity of 9.00% and a net margin of 12.75%. During the same quarter last year, the company earned $0.34 earnings per share. Analysts forecast that Colony Bankcorp will post 1.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Colony Bankcorp

A number of large investors have recently bought and sold shares of CBAN. Charles Schwab Investment Management Inc. raised its position in shares of Colony Bankcorp by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider’s stock valued at $721,000 after buying an additional 1,500 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Colony Bankcorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 35,478 shares of the financial services provider’s stock valued at $551,000 after acquiring an additional 1,742 shares in the last quarter. Ritholtz Wealth Management boosted its position in 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 purchasing an additional 2,193 shares during the period. Renaissance Technologies LLC boosted its position 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 worth $1,165,000 after buying an additional 3,300 shares during the period. Finally, Hillsdale Investment Management Inc. grew its stake in shares of Colony Bankcorp by 8.9% in the first quarter. Hillsdale Investment Management Inc. now owns 56,057 shares of the financial services provider’s stock valued at $645,000 after buying an additional 4,600 shares in the last quarter. Hedge funds and other institutional investors 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.