It Seems Colony Bankcorp Inc (CBAN) Will Go Up. Formed A Few Months Double Top Chart Pattern

September 17, 2017 - By Clifton Ray

Investors sentiment decreased to 1.2 in 2016 Q4. Its down 0.05, from 1.25 in 2016Q3. It fall, as 1 investors sold Colony Bankcorp Inc shares while 4 reduced holdings. 1 funds opened positions while 5 raised stakes. 1.14 million shares or 5.38% more from 1.08 million shares in 2016Q3 were reported.
Acadian Asset Management Ltd invested 0% of its portfolio in Colony Bankcorp Inc (NASDAQ:CBAN). Vanguard Inc reported 0% in Colony Bankcorp Inc (NASDAQ:CBAN). Federated Pa reported 635 shares. Schneider Capital Mgmt Corp invested in 0.03% or 13,272 shares. Renaissance Technologies Lc reported 39,200 shares or 0% of all its holdings. Bancshares Of America De invested 0% of its portfolio in Colony Bankcorp Inc (NASDAQ:CBAN). Blackrock Advsrs Limited Liability Company reported 463 shares. Blackrock Investment Management Ltd Limited Liability Company reported 1,056 shares. Blackrock Fund Advisors has 1,779 shares for 0% of their portfolio. Eidelman Virant stated it has 47,182 shares. Alliancebernstein Lp has 0% invested in Colony Bankcorp Inc (NASDAQ:CBAN). Bridgeway Cap holds 0% or 22,868 shares in its portfolio. Polaris Capital Mngmt Ltd Llc holds 270,990 shares. Gendell Jeffrey L has 0.73% invested in Colony Bankcorp Inc (NASDAQ:CBAN). Morgan Stanley holds 0% or 1,555 shares in its portfolio.

Since March 31, 2017, it had 4 buys, and 1 sale for $33,667 activity. Another trade for 1 shares valued at $14 was bought by Northcutt Lee A. Another trade for 2,500 shares valued at $33,764 was sold by HESTER TERRY L. 1 shares were bought by ROSS ROBERT SIDNEY, worth $14 on Friday, March 31. Another trade for 4 shares valued at $55 was made by Hoyle M. Edward Jr. on Friday, March 31. On Friday, March 31 Bagwell Lee bought $14 worth of Colony Bankcorp Inc (NASDAQ:CBAN) or 1 shares.

The chart of Colony Bankcorp Inc (CBAN) shows a double top with $14.85 target or 8.00 % above today’s $13.75 share price. The 6 months chart pattern indicates low risk for the $116.04M company. It was reported on Sep, 17 by Finviz.com. If the $14.85 price target is reached, the company will be worth $9.28 million more. Double tops are rare but powerful chart patterns.

The stock increased 4.17% or $0.55 on September 15, reaching $13.75. About 3,647 shares traded or 105.46% up from the average. Colony Bankcorp Inc (NASDAQ:CBAN) has risen 45.99% since September 17, 2016 and is uptrending. It has outperformed by 29.29% the S&P500.

More notable recent Colony Bankcorp Inc (NASDAQ:CBAN) news were published by: Globenewswire.com which released: “Colony Bankcorp, Inc. Announces Partial Redemption of Preferred Stock” on December 15, 2016, also Nasdaq.com with their article: “Colony Bankcorp, Inc. Declares Third Quarter Dividend” published on August 16, 2017, Globenewswire.com published: “Colony Bankcorp, Inc. Declares Second Quarter Dividend” on May 24, 2017. More interesting news about Colony Bankcorp Inc (NASDAQ:CBAN) were released by: Globenewswire.com and their article: “Colony Bankcorp, Inc., Chairman Gene Waldron and Board of Directors Announces …” published on January 31, 2012 as well as Globenewswire.com‘s news article titled: “Colony Bankcorp, Inc. Declares First Quarter Dividend” with publication date: February 14, 2017.

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