Colony Bankcorp (NASDAQ:CBAN) Stock Rating Lowered by ValuEngine

Colony Bankcorp (NASDAQ:CBAN) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, ValuEngine reports.

CBAN traded down $0.44 during trading on Thursday, reaching $16.13. 3,398 shares of the stock were exchanged, compared to its average volume of 8,068. The stock’s 50 day moving average price is $16.68. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.78 and a quick ratio of 0.77. The firm has a market capitalization of $153.24 million, a P/E ratio of 12.05 and a beta of 0.63. Colony Bankcorp has a 1 year low of $12.29 and a 1 year high of $19.20.

Colony Bankcorp (NASDAQ:CBAN) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.34 EPS for the quarter. The company had revenue of $15.82 million for the quarter. Colony Bankcorp had a return on equity of 11.61% and a net margin of 16.45%.

In other Colony Bankcorp news, CFO Terry L. Hester sold 3,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $17.15, for a total transaction of $51,450.00. Following the sale, the chief financial officer now directly owns 103,373 shares in the company, valued at $1,772,846.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have acquired 721 shares of company stock worth $12,135. 5.70% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Colony Bankcorp by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 132,591 shares of the financial services provider’s stock valued at $1,936,000 after acquiring an additional 3,552 shares in the last quarter. Taylor Wealth Management Partners purchased a new stake in shares of Colony Bankcorp in the second quarter valued at $258,000. Finally, BlackRock Inc. lifted its position in shares of Colony Bankcorp by 12.4% in the fourth quarter. BlackRock Inc. now owns 6,012 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 662 shares in the last quarter. Institutional investors and hedge funds own 14.25% 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 retail customers. It offers various deposit products, including demand, savings, and time deposits. The company 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.

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