Colony Bankcorp (NYSE:CBAN) Releases Earnings Results, Meets Expectations

Colony Bankcorp (NYSE:CBAN) posted its earnings results on Wednesday. The company reported $0.47 earnings per share (EPS) 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 Trading Up 0.3%

Shares of CBAN opened at $16.61 on Thursday. The firm has a market cap of $290.01 million, a price-to-earnings ratio of 10.51 and a beta of 0.66. The firm has a fifty day moving average price of $16.97. Colony Bankcorp has a twelve month low of $13.99 and a twelve month high of $18.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.82 and a quick ratio of 0.82.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Colony Bankcorp in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

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.