ValuEngine Lowers Colony Bankcorp (NASDAQ:CBAN) to Sell

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

CBAN stock traded down $0.18 during mid-day trading on Thursday, hitting $16.57. 5,822 shares of the company were exchanged, compared to its average volume of 18,329. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63. The company has a market cap of $154.93 million, a price-to-earnings ratio of 11.73 and a beta of 0.61. The business has a 50 day simple moving average of $16.69. 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 quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter. Colony Bankcorp had a net margin of 16.45% and a return on equity of 12.56%. The company had revenue of $15.82 million for the quarter.

In other news, CFO Terry L. Hester sold 3,000 shares of Colony Bankcorp stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $17.15, for a total value 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 721 shares of company stock worth $12,135 over the last quarter. 5.70% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in CBAN. BlackRock Inc. grew its stake 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 buying an additional 662 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 buying an additional 3,552 shares in the last quarter. Finally, Taylor Wealth Management Partners bought a new position in shares of Colony Bankcorp in the second quarter valued at $258,000. 14.25% of the stock is owned by institutional investors and hedge funds.

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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