Colony Bankcorp (NYSE:CBAN) Releases Quarterly Earnings Results

Colony Bankcorp (NYSE:CBAN) issued its earnings results on Wednesday. The company reported $0.48 earnings per share (EPS) for the quarter, FiscalAI reports. Colony Bankcorp had a return on equity of 10.53% and a net margin of 15.07%.The business had revenue of $27.27 million for the quarter.

Colony Bankcorp Stock Up 0.4%

Shares of Colony Bankcorp stock traded up $0.07 on Wednesday, hitting $18.58. 77,966 shares of the company traded hands, compared to its average volume of 100,715. Colony Bankcorp has a 12-month low of $13.99 and a 12-month high of $19.81. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.82. The company has a market cap of $323.85 million, a PE ratio of 11.69 and a beta of 0.66. The company has a 50-day moving average price of $17.92 and a 200 day moving average price of $17.17.

Analysts Set New Price Targets

Several research analysts have commented on CBAN shares. Weiss Ratings reiterated 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 research report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently 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.