Recent exceptional positive changes in investment behavior have benefitted Colony Bankcorp Inc (NASDAQ: CBAN): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent important positive changes in fundamentals have benefitted Colony Bankcorp Inc (NASDAQ: CBAN): the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CBAN is expected to continue to be a modest Value Builder.
Colony Bankcorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Colony Bankcorp has a slightly positive Appreciation Score of 65 and a very high Power Rating of 87, producing the Highest Value Trend Rating.
Recent Price Action
Colony Bankcorp Inc (NASDAQ: CBAN) stock closed at $12.92 on 1/3/24 after a modest decline of -1.4%. Moreover, this decline was accompanied by unusually high trading volume at 166% of normal. The stock has declined -2.1% during the last week but has been exceptionally strong relative to the market over the last nine months.
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