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

StockNews.com downgraded shares of Colony Bankcorp (NASDAQ:CBAN) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Colony Bankcorp Price Performance

Shares of CBAN opened at $11.89 on Tuesday. The company has a market cap of $208.79 million, a price-to-earnings ratio of 9.51 and a beta of 0.54. Colony Bankcorp has a twelve month low of $9.03 and a twelve month high of $13.58. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average of $11.11 and a two-hundred day moving average of $11.53.

Colony Bankcorp (NASDAQ:CBAN) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.33 EPS for the quarter. Colony Bankcorp had a net margin of 13.17% and a return on equity of 9.22%. The business had revenue of $28.14 million during the quarter. As a group, analysts predict that Colony Bankcorp will post 1.31 earnings per share for the current fiscal year.

Colony Bankcorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were paid a dividend of $0.112 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.45 annualized dividend and a dividend yield of 3.77%. Colony Bankcorp’s payout ratio is currently 36.00%.

Institutional Investors Weigh In On Colony Bankcorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new stake in shares of Colony Bankcorp during the first quarter worth $123,000. O Shaughnessy Asset Management LLC lifted its stake in shares of Colony Bankcorp by 44.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 44,589 shares of the financial services provider’s stock worth $513,000 after buying an additional 13,701 shares during the period. Hillsdale Investment Management Inc. raised its holdings in shares of Colony Bankcorp by 8.9% during the first quarter. Hillsdale Investment Management Inc. now owns 56,057 shares of the financial services provider’s stock worth $645,000 after purchasing an additional 4,600 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Colony Bankcorp by 0.8% during the first quarter. Vanguard Group Inc. now owns 918,020 shares of the financial services provider’s stock worth $10,557,000 after purchasing an additional 6,891 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Colony Bankcorp by 7.8% during the first quarter. Empowered Funds LLC now owns 31,396 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 2,275 shares during the last quarter. 50.37% of the stock is currently owned by institutional investors and hedge funds.

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.