Colony Bankcorp (NYSE:CBAN) Issues Quarterly Earnings Results, Meets Estimates

Key Points

• Colony Bankcorp reported quarterly earnings of $0.47 per share, meeting consensus estimates, with a return on equity of 10.06% and a net margin of 15.15%.
• The stock price of Colony Bankcorp (CBAN) increased by $0.05 on Wednesday, closing at $16.61, with a market capitalization of approximately $290 million.
• Research analysts have upgraded Colony Bankcorp's rating, with Weiss Ratings issuing a "buy" rating and the overall consensus rating now categorized as "Buy."

Colony Bankcorp (NYSE:CBAN - Get Free Report) announced its earnings results on Wednesday. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47, Zacks reports. Colony Bankcorp had a return on equity of 10.06% and a net margin of 15.15%.

Colony Bankcorp Price Performance

CBAN traded up $0.05 on Wednesday, reaching $16.61. 55,294 shares of the stock were exchanged, compared to its average volume of 63,422. The stock has a market capitalization of $290.03 million, a price-to-earnings ratio of 10.51 and a beta of 0.66. The firm's 50-day moving average is $16.97. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.84. Colony Bankcorp has a fifty-two week low of $13.99 and a fifty-two week high of $18.49.

Analyst Upgrades and Downgrades

CBAN has been the topic of several research analyst reports. Weiss Ratings restated a "buy (b-)" rating on shares of Colony Bankcorp in a research note on Wednesday, October 8th. Wall Street Zen upgraded Colony Bankcorp from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".

About Colony Bankcorp

Colony Bankcorp, Inc operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and consumer customers. The company offers various deposit products, including demand, savings, and time deposits. It also provides loans to small and medium-sized businesses; residential and commercial construction, and land development loans; commercial real estate loans; commercial loans; agri-business and production loans; residential mortgage loans; home equity loans; and consumer loans.

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