ValuEngine downgraded shares of Colony Bankcorp (NASDAQ:CBAN) from a hold rating to a sell rating in a report issued on Wednesday morning.

Shares of CBAN opened at $16.60 on Wednesday. Colony Bankcorp has a 52-week low of $13.51 and a 52-week high of $19.50. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $139.34 million, a price-to-earnings ratio of 12.04 and a beta of 0.37.

Colony Bankcorp (NASDAQ:CBAN) last issued its quarterly earnings results on Thursday, October 18th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter. Colony Bankcorp had a return on equity of 13.15% and a net margin of 16.57%. The firm had revenue of $12.51 million for the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Tuesday, October 30th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, October 29th. This represents a $0.20 annualized dividend and a dividend yield of 1.20%.

A hedge fund recently raised its stake in Colony Bankcorp stock. Dimensional Fund Advisors LP grew its position in shares of Colony Bankcorp Inc (NASDAQ:CBAN) by 7.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,542 shares of the financial services provider’s stock after acquiring an additional 8,289 shares during the quarter. Dimensional Fund Advisors LP owned about 1.48% of Colony Bankcorp worth $2,105,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 16.12% of the company’s stock.

About Colony Bankcorp

Colony Bankcorp, Inc operates as the holding company for Colony Bank that provides banking products and services to commercial and consumer customers. It offers various deposit products, including demand, savings, and time deposits. The company also offers 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.

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