Colony Bankcorp (NASDAQ:CBAN) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Colony Bankcorp (NASDAQ:CBAN) from a hold rating to a buy rating in a report issued on Thursday.

Colony Bankcorp Stock Up 0.1 %

NASDAQ:CBAN opened at $17.63 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81. The firm has a market cap of $309.05 million, a P/E ratio of 14.10 and a beta of 0.57. Colony Bankcorp has a fifty-two week low of $10.33 and a fifty-two week high of $18.49. The firm has a 50-day simple moving average of $15.98 and a two-hundred day simple moving average of $14.23.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Colony Bankcorp had a net margin of 12.75% and a return on equity of 8.86%. The company had revenue of $44.69 million during the quarter, compared to the consensus estimate of $28.67 million. During the same quarter last year, the firm earned $0.34 earnings per share. Analysts predict that Colony Bankcorp will post 1.38 earnings per share for the current fiscal year.

Colony Bankcorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Wednesday, November 6th. Colony Bankcorp’s payout ratio is currently 36.00%.

Institutional Investors Weigh In On Colony Bankcorp

Large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in Colony Bankcorp by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 46,458 shares of the financial services provider’s stock valued at $721,000 after acquiring an additional 1,500 shares during the period. Empowered Funds LLC increased its holdings in Colony Bankcorp by 5.2% during the third quarter. Empowered Funds LLC now owns 35,478 shares of the financial services provider’s stock valued at $551,000 after buying an additional 1,742 shares during the last quarter. Ritholtz Wealth Management increased its holdings 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 buying an additional 2,193 shares during the last quarter. Renaissance Technologies LLC raised its position in Colony Bankcorp by 3.6% in the second quarter. Renaissance Technologies LLC now owns 95,078 shares of the financial services provider’s stock worth $1,165,000 after acquiring an additional 3,300 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Colony Bankcorp by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 918,020 shares of the financial services provider’s stock worth $10,557,000 after acquiring an additional 6,891 shares during the last quarter. 50.37% of the stock is currently owned by 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.