Colony Bankcorp (NASDAQ:CBAN) Given New $22.00 Price Target at Hovde Group

Colony Bankcorp (NASDAQ:CBAN) had its price objective upped by equities research analysts at Hovde Group from $21.00 to $22.00 in a note issued to investors on Monday. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Hovde Group’s target price suggests a potential upside of 12.70% from the stock’s previous close.

Colony Bankcorp Price Performance

NASDAQ CBAN opened at $19.52 on Monday. The stock’s 50-day moving average is $18.08 and its two-hundred day moving average is $17.21. The firm has a market cap of $414.82 million, a P/E ratio of 14.46 and a beta of 0.66. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.80. Colony Bankcorp has a fifty-two week low of $13.99 and a fifty-two week high of $20.01.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CBAN. AQR Capital Management LLC lifted its holdings in shares of Colony Bankcorp by 153.9% in the 1st quarter. AQR Capital Management LLC now owns 28,466 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 17,253 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Colony Bankcorp by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 98,128 shares of the financial services provider’s stock valued at $1,585,000 after acquiring an additional 9,226 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Colony Bankcorp by 28.8% in the first quarter. Empowered Funds LLC now owns 47,942 shares of the financial services provider’s stock valued at $774,000 after purchasing an additional 10,709 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Colony Bankcorp by 46.8% in the first quarter. Jane Street Group LLC now owns 41,462 shares of the financial services provider’s stock worth $670,000 after acquiring an additional 13,216 shares in the last quarter. Finally, Ritholtz Wealth Management grew its position in Colony Bankcorp by 22.9% in the 2nd quarter. Ritholtz Wealth Management now owns 39,596 shares of the financial services provider’s stock valued at $652,000 after buying an additional 7,375 shares in the last quarter. Institutional investors own 50.37% of the company’s stock.

Colony Bankcorp Company Profile

Colony Bankcorp is a bank holding company headquartered in Fitzgerald, Georgia, operating through its wholly owned subsidiary Colony Bank. The company offers a full suite of commercial and consumer banking products, including checking and savings accounts, certificates of deposit, and mortgage lending. In addition to traditional deposit and loan services, Colony Bank provides home equity loans, SBA financing, and treasury management solutions tailored to small and medium-sized businesses.

Beyond its core banking offerings, Colony Bankcorp delivers trust and wealth management services through dedicated fiduciary professionals.