Colony Bankcorp (NASDAQ:CBAN) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Colony Bankcorp (NASDAQ:CBAN) from a hold rating to a buy rating in a research report sent to investors on Monday.

Colony Bankcorp Stock Performance

NASDAQ:CBAN opened at $10.85 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.78 and a quick ratio of 0.77. The firm has a market cap of $190.53 million, a PE ratio of 8.75 and a beta of 0.53. The firm has a 50 day simple moving average of $11.02 and a 200-day simple moving average of $11.32. Colony Bankcorp has a 1-year low of $8.59 and a 1-year high of $13.58.

Colony Bankcorp (NASDAQ:CBAN) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.31 earnings per share for the quarter. Colony Bankcorp had a return on equity of 9.32% and a net margin of 13.55%. The company had revenue of $28.18 million during the quarter.

Hedge Funds Weigh In On Colony Bankcorp

Several large investors have recently added to or reduced their stakes in CBAN. Mendon Capital Advisors Corp acquired a new position in shares of Colony Bankcorp during the 4th quarter valued at about $1,862,000. Trexquant Investment LP grew its holdings in Colony Bankcorp by 31.1% in the fourth quarter. Trexquant Investment LP now owns 27,777 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 6,586 shares during the period. Hillsdale Investment Management Inc. acquired a new position in Colony Bankcorp during the fourth quarter worth approximately $684,000. Panagora Asset Management Inc. raised its stake in Colony Bankcorp by 168.0% during the fourth quarter. Panagora Asset Management Inc. now owns 35,531 shares of the financial services provider’s stock worth $473,000 after purchasing an additional 22,272 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Colony Bankcorp by 42.1% during the 4th quarter. BNP Paribas Financial Markets now owns 24,506 shares of the financial services provider’s stock valued at $326,000 after buying an additional 7,261 shares during the period. 50.37% of the stock is currently owned by hedge funds and other institutional investors.

About Colony Bankcorp

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.