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Colony Bankcorp (NASDAQ:CBAN) Rating Increased to Buy at StockNews.com

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Colony Bankcorp (NASDAQ:CBAN - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Thursday.

Colony Bankcorp Stock Down 0.3 %

CBAN stock traded down $0.05 during mid-day trading on Thursday, hitting $17.62. 26,610 shares of the company were exchanged, compared to its average volume of 41,233. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81. Colony Bankcorp has a 1-year low of $10.33 and a 1-year high of $18.42. The firm's 50 day simple moving average is $15.90 and its 200 day simple moving average is $14.15. The firm has a market cap of $308.88 million, a P/E ratio of 14.10 and a beta of 0.57.

Colony Bankcorp (NASDAQ:CBAN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The business 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 period last year, the business posted $0.34 earnings per share. On average, sell-side analysts predict that Colony Bankcorp will post 1.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Colony Bankcorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in Colony Bankcorp in the 1st quarter valued at $123,000. Rothschild Investment LLC bought a new stake in Colony Bankcorp during the second quarter worth about $139,000. Ritholtz Wealth Management boosted its position in Colony Bankcorp by 8.9% during the second quarter. Ritholtz Wealth Management now owns 26,753 shares of the financial services provider's stock valued at $328,000 after purchasing an additional 2,193 shares during the last quarter. Empowered Funds LLC grew its stake in Colony Bankcorp by 5.2% in the third quarter. Empowered Funds LLC now owns 35,478 shares of the financial services provider's stock valued at $551,000 after purchasing an additional 1,742 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased 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 purchasing an additional 20,031 shares during the last quarter. Institutional investors and hedge funds own 50.37% of the company's stock.

About Colony Bankcorp

(Get Free Report)

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.

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