Colony Bankcorp (NYSE:CBAN) Issues Quarterly Earnings Results

Colony Bankcorp (NYSE:CBAN) released its quarterly earnings data on Wednesday. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02, FiscalAI reports. The firm had revenue of $27.27 million for the quarter. Colony Bankcorp had a net margin of 14.85% and a return on equity of 10.78%.

Colony Bankcorp Stock Performance

NYSE CBAN traded down $0.10 during trading hours on Friday, hitting $19.38. The company’s stock had a trading volume of 23,013 shares, compared to its average volume of 99,025. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market cap of $337.79 million, a P/E ratio of 12.19 and a beta of 0.66. The company’s 50 day simple moving average is $18.04 and its two-hundred day simple moving average is $17.20. Colony Bankcorp has a 12 month low of $13.99 and a 12 month high of $20.01.

Analysts Set New Price Targets

CBAN has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Colony Bankcorp in a report on Monday, December 29th. Wall Street Zen cut shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Colony Bankcorp has an average rating of “Buy”.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc is a bank holding company headquartered in Baxley, Georgia, that operates through its primary subsidiary, The Colony Bank. The company’s core focus is on delivering community banking services tailored to individuals, small businesses and agricultural customers throughout Georgia and Florida. Colony Bankcorp’s structure supports a full suite of deposit and lending solutions designed to meet the needs of local markets.

The company offers a range of deposit products, including personal and business checking accounts, savings and money market accounts, and certificates of deposit.