Colony Bankcorp (NASDAQ:CBAN - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Monday.
Colony Bankcorp Price Performance
Shares of NASDAQ CBAN traded up $0.07 during trading on Monday, hitting $10.70. The company had a trading volume of 17,647 shares, compared to its average volume of 38,986. The firm has a market capitalization of $187.89 million, a price-to-earnings ratio of 8.63 and a beta of 0.53. The stock has a fifty day simple moving average of $11.03 and a two-hundred day simple moving average of $11.32. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.94. Colony Bankcorp has a fifty-two week low of $8.59 and a fifty-two week high of $13.58.
Colony Bankcorp (NASDAQ:CBAN - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. Colony Bankcorp had a return on equity of 9.32% and a net margin of 13.55%. The company had revenue of $28.18 million for the quarter.
Institutional Trading of Colony Bankcorp
Large investors have recently bought and sold shares of the business. Mendon Capital Advisors Corp purchased a new position in Colony Bankcorp in the fourth quarter worth approximately $1,862,000. Hillsdale Investment Management Inc. acquired a new position in shares of Colony Bankcorp in the 4th quarter valued at $684,000. Pacific Ridge Capital Partners LLC increased its position in shares of Colony Bankcorp by 5.3% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 515,943 shares of the financial services provider's stock worth $5,157,000 after purchasing an additional 26,030 shares during the last quarter. Panagora Asset Management Inc. lifted its position in shares of Colony Bankcorp by 168.0% during the fourth quarter. Panagora Asset Management Inc. now owns 35,531 shares of the financial services provider's stock worth $473,000 after purchasing an additional 22,272 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Colony Bankcorp in the third quarter valued at approximately $192,000. Hedge funds and other institutional investors 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Colony Bankcorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Colony Bankcorp wasn't on the list.
While Colony Bankcorp currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
