Colony Bankcorp (NASDAQ:CBAN) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Colony Bankcorp (NASDAQ:CBAN) from a buy rating to a hold rating in a report published on Wednesday.

Colony Bankcorp Trading Up 0.1 %

Shares of CBAN stock opened at $16.97 on Wednesday. Colony Bankcorp has a twelve month low of $10.33 and a twelve month high of $18.03. The stock’s fifty day simple moving average is $15.68 and its 200 day simple moving average is $13.93. 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 firm has a market capitalization of $297.43 million, a P/E ratio of 13.58 and a beta of 0.57.

Colony Bankcorp (NASDAQ:CBAN) last released its quarterly earnings results 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 analysts’ expectations of $28.67 million. Colony Bankcorp had a return on equity of 8.86% and a net margin of 12.75%. During the same period in the previous year, the business posted $0.34 earnings per share. As a group, sell-side analysts predict that Colony Bankcorp will post 1.33 EPS for the current fiscal year.

Colony Bankcorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.112 per share. This represents a $0.45 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Wednesday, November 6th. Colony Bankcorp’s payout ratio is currently 36.00%.

Institutional Trading of Colony Bankcorp

Several institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd bought a new position in Colony Bankcorp during the 1st quarter worth $123,000. Rothschild Investment LLC bought a new position in shares of Colony Bankcorp during the second quarter worth about $139,000. Ritholtz Wealth Management raised its position in shares of Colony Bankcorp by 8.9% during the second quarter. Ritholtz Wealth Management now owns 26,753 shares of the financial services provider’s stock worth $328,000 after acquiring an additional 2,193 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Colony Bankcorp by 47.9% in the first quarter. BNP Paribas Financial Markets now owns 36,252 shares of the financial services provider’s stock worth $417,000 after acquiring an additional 11,746 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Colony Bankcorp by 44.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 44,589 shares of the financial services provider’s stock valued at $513,000 after acquiring an additional 13,701 shares during the last quarter. 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.