Colony Bankcorp's (CBAN) Buy (B-) Rating Reaffirmed at Weiss Ratings

Key Points

• Colony Bankcorp (CBAN) has received a reaffirmed "buy (B-)" rating from Weiss Ratings, indicating a positive outlook from analysts.
• Shares of CBAN are currently priced at $16.66, showing a slight decline of 0.3% during mid-day trading.
• In its latest quarterly earnings report, Colony Bankcorp exceeded estimates with an EPS of $0.46 and reported revenue of $32.48 million.

Colony Bankcorp (NYSE:CBAN - Get Free Report)'s stock had its "buy (b-)" rating reissued by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of 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, Based on data from MarketBeat.com, Colony Bankcorp has an average rating of "Buy".

Colony Bankcorp Stock Down 0.3%

Shares of CBAN traded down $0.05 during mid-day trading on Wednesday, hitting $16.66. 25,391 shares of the company's stock were exchanged, compared to its average volume of 67,846. The firm's fifty day simple moving average is $16.92. Colony Bankcorp has a twelve month low of $13.99 and a twelve month high of $18.49. The firm has a market capitalization of $290.88 million, a PE ratio of 10.54 and a beta of 0.66. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.84.

Colony Bankcorp (NYSE:CBAN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. Colony Bankcorp had a net margin of 15.15% and a return on equity of 10.06%. The company had revenue of $32.48 million for the quarter, compared to analyst estimates of $31.03 million.

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.

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