Colony Bankcorp (NYSE:CBAN) Issues Earnings Results

Colony Bankcorp (NYSE:CBAN - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06, Zacks reports. Colony Bankcorp had a return on equity of 10.18% and a net margin of 15.15%. The company had revenue of $32.48 million for the quarter, compared to analyst estimates of $31.03 million.

Colony Bankcorp Stock Down 0.7%

CBAN traded down $0.11 during midday trading on Friday, hitting $16.63. 32,502 shares of the company were exchanged, compared to its average volume of 67,009. The firm has a market capitalization of $290.08 million, a price-to-earnings ratio of 10.53 and a beta of 0.62. Colony Bankcorp has a 1-year low of $13.00 and a 1-year high of $18.49. The business has a 50 day moving average price of $16.31. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.82 and a quick ratio of 0.81.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Colony Bankcorp from a "buy" rating to a "hold" rating in a report on Friday, May 23rd.

Colony Bankcorp Company Profile

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.