Colony Bankcorp (NYSE:CBAN) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Colony Bankcorp (NYSE:CBAN) posted its quarterly earnings results on Wednesday. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02, FiscalAI reports. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%.

Colony Bankcorp Stock Down 0.6%

Shares of NYSE:CBAN traded down $0.13 during midday trading on Wednesday, reaching $20.27. The company had a trading volume of 112,562 shares, compared to its average volume of 213,656. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average price is $20.73 and its 200 day moving average price is $20.35. The stock has a market cap of $430.13 million, a PE ratio of 12.28 and a beta of 0.56. Colony Bankcorp has a 1-year low of $15.80 and a 1-year high of $22.46.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CBAN shares. Wall Street Zen lowered shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research lowered Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a report on Friday, September 11th. Finally, Weiss Ratings cut Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.00.

Insider Buying and Selling at Colony Bankcorp

In other news, insider Edward Canup bought 2,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were bought at an average cost of $21.62 per share, with a total value of $43,240.00. Following the acquisition, the insider owned 39,702 shares in the company, valued at $858,357.24. This trade represents a 5.30% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 7,000 shares of company stock valued at $151,290 over the last three months. 3.92% of the stock is currently owned by company insiders.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc is a bank holding company headquartered in Fitzgerald, Georgia. Through its wholly owned subsidiary, Colony Bank, the company provides banking and financial services to individuals, families, businesses and institutions. Colony Bank has roots dating to 1935 and operates as a community-focused financial institution serving markets across Georgia and neighboring areas.

The bank offers a range of personal and business deposit accounts, consumer and commercial loans, mortgage lending, treasury management and other banking services.