Colony Bankcorp (NYSE:CBAN) Upgraded by Zacks Research to Strong-Buy Rating

Colony Bankcorp (NYSE:CBAN) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings upgraded shares of Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, May 15th. Wall Street Zen lowered Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Brean Capital raised Colony Bankcorp from a “neutral” rating to a “buy” rating in a report on Monday, March 23rd. Finally, Hovde Group lifted their target price on Colony Bankcorp from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $23.00.

Colony Bankcorp Stock Up 0.4%

CBAN stock opened at $20.48 on Tuesday. The company has a market cap of $433.46 million, a price-to-earnings ratio of 12.80 and a beta of 0.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.88 and a current ratio of 0.89. The business’s 50-day moving average is $20.11 and its two-hundred day moving average is $19.82. Colony Bankcorp has a fifty-two week low of $15.80 and a fifty-two week high of $21.61.

Colony Bankcorp (NYSE:CBAN) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $39.90 million during the quarter, compared to analyst estimates of $42.10 million. Colony Bankcorp had a net margin of 14.83% and a return on equity of 10.23%. As a group, analysts forecast that Colony Bankcorp will post 1.92 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Fourthstone LLC boosted its holdings in Colony Bankcorp by 165.9% in the 4th quarter. Fourthstone LLC now owns 1,711,213 shares of the company’s stock worth $30,494,000 after buying an additional 1,067,540 shares during the period. Vanguard Group Inc. lifted its position in shares of Colony Bankcorp by 4.6% in the third quarter. Vanguard Group Inc. now owns 945,386 shares of the company’s stock valued at $16,081,000 after acquiring an additional 41,879 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Colony Bankcorp by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 737,755 shares of the company’s stock valued at $14,732,000 after acquiring an additional 14,965 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Colony Bankcorp by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 385,600 shares of the company’s stock worth $6,873,000 after acquiring an additional 3,734 shares during the period. Finally, State Street Corp boosted its stake in shares of Colony Bankcorp by 7.4% in the fourth quarter. State Street Corp now owns 318,829 shares of the company’s stock worth $5,682,000 after acquiring an additional 22,035 shares during the period. Hedge funds and other institutional investors own 50.37% of the company’s stock.

About Colony Bankcorp

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.