Colony Bankcorp (CBAN) Set to Announce Quarterly Earnings on Thursday

Colony Bankcorp (NASDAQ:CBAN – Get Rating) will be issuing its quarterly earnings data after the market closes on Thursday, January 26th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Colony Bankcorp Stock Performance

Shares of CBAN traded down $0.09 on Tuesday, reaching $12.81. 17,247 shares of the stock traded hands, compared to its average volume of 24,996. The firm has a market cap of $225.98 million, a price-to-earnings ratio of 11.34 and a beta of 0.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.70 and a quick ratio of 0.69. Colony Bankcorp has a 12 month low of $12.52 and a 12 month high of $19.00. The stock’s 50-day moving average price is $13.15 and its 200-day moving average price is $13.72.

Wall Street Analyst Weigh In

CBAN has been the topic of a number of research reports. DA Davidson cut Colony Bankcorp from a “buy” rating to a “neutral” rating in a research report on Tuesday. StockNews.com started coverage on Colony Bankcorp in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

Insider Activity at Colony Bankcorp

In related news, EVP Kimberly C. Dockery purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The shares were acquired at an average price of $13.33 per share, with a total value of $53,320.00. Following the purchase, the executive vice president now directly owns 20,289 shares in the company, valued at $270,452.37. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.69% of the stock is owned by insiders.

Hedge Funds Weigh In On Colony Bankcorp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Group Holdings Inc. boosted its stake in Colony Bankcorp by 172.2% in the first quarter. Advisor Group Holdings Inc. now owns 1,508 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 954 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its stake in Colony Bankcorp by 27.5% in the third quarter. BNP Paribas Arbitrage SNC now owns 5,274 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,137 shares in the last quarter. Northern Trust Corp boosted its stake in Colony Bankcorp by 15.7% in the first quarter. Northern Trust Corp now owns 28,150 shares of the financial services provider’s stock worth $526,000 after purchasing an additional 3,829 shares in the last quarter. Bank of America Corp DE boosted its stake in Colony Bankcorp by 71.6% in the first quarter. Bank of America Corp DE now owns 9,571 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 3,994 shares in the last quarter. Finally, BNP Paribas Arbitrage SA acquired a new position in Colony Bankcorp in the second quarter worth $62,000. Institutional investors and hedge funds own 50.30% of the company’s stock.

About Colony Bankcorp

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Colony Bankcorp, Inc is a bank holding company, which engages in the stockholder and investor relations functions through its subsidiary, Colony Bank. It operates through the following segments: Banking Division, Mortgage Division, and Small Business Specialty Lending Division. The Banking Division segment offers full service financial services including commercial loans, consumer loans and deposit accounts.