Colony Bankcorp (CBAN) Set to Announce Earnings on Thursday

Colony Bankcorp (NASDAQ:CBAN – Get Rating) is set to post its quarterly earnings results after the market closes on Thursday, January 26th. Analysts expect Colony Bankcorp to post earnings of $0.35 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Colony Bankcorp Price Performance

NASDAQ:CBAN opened at $12.81 on Wednesday. Colony Bankcorp has a 12 month low of $12.52 and a 12 month high of $19.00. The stock has a 50 day moving average of $13.15 and a two-hundred day moving average of $13.72. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.70. The firm has a market cap of $225.98 million, a P/E ratio of 11.34 and a beta of 0.54.

Insider Activity

In related news, EVP Kimberly C. Dockery purchased 4,000 shares of the company’s stock in a transaction dated Monday, December 12th. The stock was acquired at an average cost of $13.33 per share, for a total transaction of $53,320.00. Following the completion of the transaction, the executive vice president now directly owns 20,289 shares of the company’s stock, valued at $270,452.37. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 7.69% of the company’s stock.

Institutional Investors Weigh In On Colony Bankcorp

A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers acquired a new position in Colony Bankcorp in the second quarter valued at approximately $359,000. Jane Street Group LLC acquired a new position in Colony Bankcorp in the first quarter valued at approximately $275,000. JPMorgan Chase & Co. lifted its holdings in Colony Bankcorp by 51.6% in the second quarter. JPMorgan Chase & Co. now owns 15,168 shares of the financial services provider’s stock valued at $229,000 after acquiring an additional 5,162 shares during the last quarter. Citigroup Inc. acquired a new position in Colony Bankcorp in the first quarter valued at approximately $227,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Colony Bankcorp in the second quarter valued at approximately $218,000. 50.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on CBAN. DA Davidson lowered Colony Bankcorp from a “buy” rating to a “neutral” rating in a research note on Tuesday. StockNews.com began coverage on Colony Bankcorp in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

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.