The stock of Colony Bankcorp Inc (CBAN) formed an up wedge with $25.00 target or 166.00% above today’s $9.40 share price. The 5 months wedge indicates low risk for the $83.42 million company. If the $25.00 price target is reached, the company will be worth $138.48 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%. The stock is down 1.05% or $0.1 after the news, hitting $9.4 per share. About 102 shares traded hands. Colony Bankcorp Inc (NASDAQ:CBAN) has risen 19.78% since May 8, 2015 and is uptrending. It has outperformed by 22.80% the S&P500.
According to Zacks Investment Research, “Colony Bankcorp, Inc., a multibank holding company, provides retail and commercial banking services to consumers and small to medium size businesses primarily in south Georgia. It offers various deposits, including interest bearing demand and savings deposits, checking accounts, and time deposits, as well as individual retirement accounts. Colony Bank’s philosophy is firmly grounded in the principle that banking is about relationships, not just products and technology.” Get a free copy of the Zacks research report on Colony Bankcorp Inc (CBAN).
The institutional sentiment decreased to 1.67 in 2015 Q3. Its down 1.83, from 3.5 in 2015Q2. The ratio dropped, as 0 funds sold all Colony Bankcorp Inc shares owned while 3 reduced positions. 0 funds bought stakes while 5 increased positions. They now own 5.20 million shares or 277.00% more from 1.38 million shares in 2015Q2.
Polaris Capital Management Llc holds 0.26% of its portfolio in Colony Bankcorp Inc for 238,716 shares. Gendell Jeffrey L owns 123,367 shares or 0.23% of their US portfolio. Moreover, Eidelman Virant Capital has 0.15% invested in the company for 25,400 shares. The Pennsylvania-based Schneider Capital Management Corp has invested 0.06% in the stock. Vanguard Group Inc, a Pennsylvania-based fund reported 4.54 million shares.
More news for Colony Bankcorp Inc (NASDAQ:CBAN) were recently published by: Globenewswire.com, which released: “Colony Bankcorp, Inc. Announces Payment of Preferred Stock Deferred Dividends …” on November 17, 2014. Globenewswire.com‘s article titled: “Colony Bankcorp, Inc. Announces Appointment of Edward P. Loomis, Jr. as …” and published on April 23, 2012 is yet another important article.
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