Colony Bankcorp (NASDAQ:CBAN) Announces Earnings Results

Colony Bankcorp (NASDAQ:CBAN) issued its quarterly earnings results on Thursday. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.11, MarketWatch Earnings reports. Colony Bankcorp had a return on equity of 7.89% and a net margin of 11.20%.

Shares of Colony Bankcorp stock opened at $12.23 on Friday. The firm has a market cap of $116.17 million, a price-to-earnings ratio of 12.74 and a beta of 0.61. The business has a 50-day moving average price of $10.75 and a 200-day moving average price of $11.22. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.25. Colony Bankcorp has a twelve month low of $8.70 and a twelve month high of $16.50.

In other news, Director Meagan M. Mowry acquired 3,245 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was purchased at an average price of $11.08 per share, for a total transaction of $35,954.60. Following the completion of the transaction, the director now directly owns 3,245 shares in the company, valued at approximately $35,954.60. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, VP Lee Bagwell acquired 2,597 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were purchased at an average price of $11.13 per share, with a total value of $28,904.61. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 7,442 shares of company stock valued at $82,524. Company insiders own 7.22% of the company’s stock.

Separately, ValuEngine lowered Colony Bankcorp from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd.

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 retail customers. It offers various deposit products, including demand, savings, and time deposits. The company 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.

See Also: Equity Income

Earnings History for Colony Bankcorp (NASDAQ:CBAN)

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