Colony Bankcorp (NYSE:CBAN) Raised to Buy at Brean Capital

Colony Bankcorp (NYSE:CBAN) was upgraded by equities research analysts at Brean Capital from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, Marketbeat Ratings reports.

A number of other research analysts have also recently weighed in on CBAN. Hovde Group raised their price target on Colony Bankcorp from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Zacks Research upgraded shares of Colony Bankcorp to a “hold” rating in a research report on Friday, February 6th. Wall Street Zen raised shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Colony Bankcorp in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Colony Bankcorp Price Performance

CBAN stock opened at $19.19 on Monday. The firm has a 50 day moving average of $19.69 and a 200-day moving average of $18.04. The company has a market cap of $406.23 million, a price-to-earnings ratio of 12.07 and a beta of 0.64. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. Colony Bankcorp has a 12-month low of $13.99 and a 12-month high of $21.46.

Colony Bankcorp (NYSE:CBAN) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $27.27 million during the quarter. Colony Bankcorp had a return on equity of 10.08% and a net margin of 14.85%.

Institutional Trading of Colony Bankcorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its holdings in Colony Bankcorp by 13.4% in the 4th quarter. Hsbc Holdings PLC now owns 35,766 shares of the company’s stock valued at $638,000 after purchasing an additional 4,232 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Colony Bankcorp by 49.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock worth $80,000 after purchasing an additional 1,494 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Colony Bankcorp by 17.4% during the fourth quarter. Invesco Ltd. now owns 20,463 shares of the company’s stock worth $365,000 after buying an additional 3,036 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Colony Bankcorp by 27.8% in the fourth quarter. Mackenzie Financial Corp now owns 97,858 shares of the company’s stock valued at $1,746,000 after buying an additional 21,307 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Colony Bankcorp by 13.0% in the fourth quarter. Empowered Funds LLC now owns 67,396 shares of the company’s stock valued at $1,201,000 after buying an additional 7,775 shares during the last quarter. Hedge funds and other institutional investors own 50.37% of the company’s stock.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc is a bank holding company headquartered in Baxley, Georgia, that operates through its primary subsidiary, The Colony Bank. The company’s core focus is on delivering community banking services tailored to individuals, small businesses and agricultural customers throughout Georgia and Florida. Colony Bankcorp’s structure supports a full suite of deposit and lending solutions designed to meet the needs of local markets.

The company offers a range of deposit products, including personal and business checking accounts, savings and money market accounts, and certificates of deposit.