Colony Bankcorp (NYSE:CBAN) Posts Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• Colony Bankcorp beat earnings expectations, reporting quarterly EPS of $0.54 versus the $0.52 analyst consensus. The company posted a 15.42% net margin and 10.40% return on equity.
• Shares fell 0.6% to $20.27 during Wednesday trading, while the stock remains below its 52-week high of $22.46. Colony Bankcorp has a market capitalization of approximately $430 million and a P/E ratio of 12.28.
• Insiders bought 7,000 shares worth $151,290 over the past 90 days, but analysts delivered several rating downgrades. Despite this, the stock retains a “Moderate Buy” consensus rating and a $23 average price target.

Colony Bankcorp (NYSE:CBAN - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.54 EPS 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 CBAN traded down $0.13 during midday trading on Wednesday, reaching $20.27. 80,890 shares of the stock were exchanged, compared to its average volume of 213,367. Colony Bankcorp has a 52 week low of $15.80 and a 52 week high of $22.46. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The company's 50 day moving average is $20.73 and its two-hundred day moving average is $20.35. The company has a market capitalization of $430.13 million, a P/E ratio of 12.28 and a beta of 0.56.

Insider Buying and Selling at Colony Bankcorp

In other Colony Bankcorp news, insider Edward Canup bought 2,000 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were acquired at an average price of $21.62 per share, with a total value of $43,240.00. Following the transaction, the insider owned 39,702 shares of the company's stock, valued at approximately $858,357.24. This trade represents a 5.30% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders bought 7,000 shares of company stock valued at $151,290 in the last ninety days. Insiders own 3.92% of the company's stock.

Analyst Upgrades and Downgrades

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

About Colony Bankcorp

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.

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