Colony Bankcorp (NASDAQ:CBAN) Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of Colony Bankcorp (NASDAQ:CBAN) from a buy rating to a hold rating in a report published on Tuesday morning.

Colony Bankcorp Stock Down 0.3 %

CBAN stock opened at $11.85 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $11.13 and its 200 day moving average price is $11.54. Colony Bankcorp has a 52 week low of $9.03 and a 52 week high of $13.58. The company has a market cap of $208.09 million, a P/E ratio of 9.48 and a beta of 0.54.

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

Colony Bankcorp Dividend Announcement

The company also recently declared 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. This represents a $0.45 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Tuesday, May 7th. Colony Bankcorp’s dividend payout ratio (DPR) is presently 36.00%.

Institutional Trading of Colony Bankcorp

Several institutional investors and hedge funds have recently modified their holdings of CBAN. Allspring Global Investments Holdings LLC acquired a new position in shares of Colony Bankcorp during the 3rd quarter worth approximately $192,000. Panagora Asset Management Inc. purchased a new stake in shares of Colony Bankcorp in the third quarter valued at $133,000. Pacific Ridge Capital Partners LLC boosted its stake in shares of Colony Bankcorp by 5.3% during the third quarter. Pacific Ridge Capital Partners LLC now owns 515,943 shares of the financial services provider’s stock valued at $5,157,000 after acquiring an additional 26,030 shares during the last quarter. Hsbc Holdings PLC increased its position in Colony Bankcorp by 23.3% during the 3rd quarter. Hsbc Holdings PLC now owns 20,660 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 3,903 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Colony Bankcorp during the 4th quarter worth about $119,000. Hedge funds and other institutional investors own 50.37% of the company’s stock.

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.