Colony Bankcorp (NASDAQ:CBAN) Upgraded 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 released on Saturday.

Colony Bankcorp Price Performance

CBAN stock opened at $17.59 on Friday. Colony Bankcorp has a twelve month low of $10.33 and a twelve month high of $18.49. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90. The company has a market cap of $308.30 million, a PE ratio of 14.07 and a beta of 0.61. The business’s 50-day simple moving average is $16.22 and its 200 day simple moving average is $14.43.

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

Colony Bankcorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a $0.112 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Wednesday, November 6th. Colony Bankcorp’s dividend payout ratio is 36.00%.

Institutional Trading of Colony Bankcorp

Several institutional investors have recently made changes to their positions in the business. De Lisle Partners LLP lifted its stake in 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 purchasing an additional 35,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Colony Bankcorp by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 508,394 shares of the financial services provider’s stock worth $6,228,000 after buying an additional 38,457 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Colony Bankcorp by 116.1% during 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 buying an additional 20,031 shares during the period. Rothschild Investment LLC acquired a new stake in Colony Bankcorp in the 2nd quarter valued at $139,000. Finally, Bank of New York Mellon Corp boosted its stake in Colony Bankcorp by 15.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 58,044 shares of the financial services provider’s stock valued at $711,000 after buying an additional 7,726 shares in the last quarter. 50.37% of the stock is currently owned by institutional investors and hedge funds.

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.