Colony Bankcorp (NASDAQ:CBAN) Upgraded at StockNews.com

StockNews.com upgraded shares of Colony Bankcorp (NASDAQ:CBAN) from a hold rating to a buy rating in a research note released on Thursday.

Colony Bankcorp Trading Down 1.0 %

Shares of Colony Bankcorp stock opened at $15.30 on Thursday. The stock has a market capitalization of $268.16 million, a P/E ratio of 12.24 and a beta of 0.62. Colony Bankcorp has a 52-week low of $10.33 and a 52-week high of $18.49. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81. The stock’s 50-day simple moving average is $16.78 and its 200 day simple moving average is $15.19.

Colony Bankcorp (NASDAQ:CBAN) last posted its quarterly earnings results 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. The company had revenue of $44.69 million for the quarter, compared to analyst estimates of $28.67 million. Colony Bankcorp had a net margin of 12.75% and a return on equity of 8.86%. During the same quarter in the previous year, the firm posted $0.34 earnings per share. As a group, research analysts anticipate that Colony Bankcorp will post 1.38 EPS for the current year.

Colony Bankcorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a $0.112 dividend. This represents a $0.45 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Wednesday, November 6th. Colony Bankcorp’s dividend payout ratio (DPR) is presently 36.00%.

Institutional Trading of Colony Bankcorp

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased 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 valued at $6,228,000 after buying an additional 38,457 shares during the period. De Lisle Partners LLP increased its holdings in Colony Bankcorp by 105.8% during the 3rd quarter. De Lisle Partners LLP now owns 68,087 shares of the financial services provider’s stock worth $1,058,000 after acquiring an additional 35,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Colony Bankcorp by 116.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,285 shares of the financial services provider’s stock worth $579,000 after purchasing an additional 20,031 shares in the last quarter. Barclays PLC boosted its holdings in Colony Bankcorp by 49.5% in the 3rd quarter. Barclays PLC now owns 54,484 shares of the financial services provider’s stock valued at $845,000 after purchasing an additional 18,048 shares during the period. Finally, State Street Corp grew its position in shares of Colony Bankcorp by 7.6% during the 3rd 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. 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.