Colony Bankcorp (NYSE:CBAN) Upgraded at Brean Capital

Brean Capital upgraded shares of Colony Bankcorp (NYSE:CBAN) from a neutral rating to a buy rating in a report released on Monday, Marketbeat Ratings reports.

A number of other analysts have also recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Colony Bankcorp in a research report on Monday, December 29th. Hovde Group raised their price target on Colony Bankcorp from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Zacks Research upgraded Colony Bankcorp to a “hold” rating in a report on Friday, February 6th. Finally, Wall Street Zen raised Colony Bankcorp from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Colony Bankcorp has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Colony Bankcorp Stock Up 0.0%

CBAN stock opened at $19.67 on Monday. The company has a 50 day moving average of $19.77 and a two-hundred day moving average of $18.08. The company has a market cap of $416.31 million, a price-to-earnings ratio of 12.37 and a beta of 0.64. Colony Bankcorp has a 12-month low of $13.99 and a 12-month high of $21.46. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.69.

Colony Bankcorp (NYSE:CBAN) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. Colony Bankcorp had a net margin of 14.85% and a return on equity of 10.08%. The business had revenue of $27.27 million for the quarter.

Colony Bankcorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were issued a $0.12 dividend. This is a boost from Colony Bankcorp’s previous quarterly dividend of $0.12. This represents a $0.48 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, February 11th. Colony Bankcorp’s dividend payout ratio is currently 30.19%.

Hedge Funds Weigh In On Colony Bankcorp

Institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Colony Bankcorp in the third quarter worth about $44,000. BNP Paribas Financial Markets raised its stake in shares of Colony Bankcorp by 38.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock valued at $57,000 after acquiring an additional 969 shares in the last quarter. CWM LLC raised its stake in shares of Colony Bankcorp by 29.0% in the 3rd quarter. CWM LLC now owns 3,447 shares of the company’s stock valued at $59,000 after acquiring an additional 774 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Colony Bankcorp by 83.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock worth $61,000 after purchasing an additional 1,630 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in Colony Bankcorp by 49.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock worth $80,000 after purchasing an additional 1,494 shares during the last quarter. 50.37% of the stock is currently owned by institutional investors.

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.