Hovde Group Boosts Colony Bankcorp (NYSE:CBAN) Price Target to $23.00

Key Points

• Hovde Group raised its price target on Colony Bankcorp from $22 to $23 and kept an "outperform" rating, implying roughly a 15.2% upside; MarketBeat's consensus target is also $23 with an average "Buy" rating (one Strong Buy, three Buy).
• Q1 results showed EPS of $0.45, matching estimates and up year-over-year, but revenue missed materially at $30.93M versus ~ $42.10M, a shortfall that could weigh on the stock until management explains the gap.
• The company declared a quarterly dividend of $0.12/share (annualized yield ~2.4%), and recent analyst moves—including upgrades from Zacks and Brean—have supported interest from income-focused investors.

Colony Bankcorp (NYSE:CBAN - Get Free Report) had its price target upped by stock analysts at Hovde Group from $22.00 to $23.00 in a research report issued on Friday. The firm currently has an "outperform" rating on the stock. Hovde Group's target price suggests a potential upside of 15.21% from the company's previous close.

Several other brokerages have also recently commented on CBAN. Brean Capital upgraded Colony Bankcorp from a "neutral" rating to a "buy" rating in a report on Monday, March 23rd. Zacks Research upgraded shares of Colony Bankcorp from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 15th. Weiss Ratings reissued a "buy (b)" rating on shares of Colony Bankcorp in a report on Friday, March 27th. Finally, Wall Street Zen cut shares of Colony Bankcorp from a "buy" rating to a "hold" rating in a research report on Sunday, March 29th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat, Colony Bankcorp presently has an average rating of "Buy" and an average target price of $23.00.

Colony Bankcorp Stock Performance

NYSE:CBAN opened at $19.96 on Friday. The stock has a market capitalization of $422.62 million, a P/E ratio of 12.48 and a beta of 0.61. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. Colony Bankcorp has a 1 year low of $14.63 and a 1 year high of $21.61. The firm has a 50 day moving average of $20.11 and a 200-day moving average of $18.53.

Colony Bankcorp (NYSE:CBAN - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.45 EPS for the quarter, hitting analysts' consensus estimates of $0.45. Colony Bankcorp had a return on equity of 10.68% and a net margin of 14.83%.The business had revenue of $30.93 million for the quarter, compared to analyst estimates of $42.10 million. As a group, sell-side analysts anticipate that Colony Bankcorp will post 1.91 EPS for the current fiscal year.

Institutional Trading of Colony Bankcorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBAN. Public Employees Retirement System of Ohio bought a new position in shares of Colony Bankcorp in the 3rd quarter valued at about $44,000. CWM LLC raised its stake in shares of Colony Bankcorp by 29.0% during the third quarter. CWM LLC now owns 3,447 shares of the company's stock worth $59,000 after buying an additional 774 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Colony Bankcorp by 38.4% in the second quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company's stock valued at $57,000 after buying an additional 969 shares during the period. Russell Investments Group Ltd. boosted its stake in Colony Bankcorp by 83.0% in the third quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company's stock valued at $61,000 after acquiring an additional 1,630 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in Colony Bankcorp by 49.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company's stock valued at $80,000 after acquiring an additional 1,494 shares during the last quarter. 50.37% of the stock is currently owned by institutional investors and hedge funds.

More Colony Bankcorp News

Here are the key news stories impacting Colony Bankcorp this week:

• Positive Sentiment: Zacks added CBAN to its Zacks Rank #1 (Strong Buy) list — a pick that can draw buying interest from Zacks-following investors. Article Title
• Positive Sentiment: Zacks also placed CBAN on its Strong Buy income stocks list, highlighting the stock to income-seeking investors. Article Title
• Positive Sentiment: Colony declared a quarterly dividend of $0.12/share (annualized yield ~2.4%), with record/ex-dividend dates in early May — a concrete income signal that supports valuation for yield-focused holders.
• Neutral Sentiment: Q1 EPS of $0.45 matched the consensus and improved from $0.38 year-over-year, showing earnings resilience even as revenue dynamics change. Article Title
• Neutral Sentiment: Earnings call transcripts and previews are available for those wanting detail on loan growth, margin drivers and credit trends — useful for judging whether management’s commentary eases concerns. Article Title Article Title
• Negative Sentiment: Revenue missed badly: Q1 revenue was $30.93M versus analysts' ~$42.10M expectation — a sizeable gap that may raise questions on fee income, loan activity or one-time items and can weigh on the stock until clarity is provided. Article Title

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.

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