Colony Bankcorp (NASDAQ:CBAN) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Colony Bankcorp (NASDAQ:CBAN) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02, Zacks reports. The business had revenue of $42.83 million for the quarter, compared to analysts’ expectations of $28.97 million. Colony Bankcorp had a return on equity of 9.22% and a net margin of 13.17%. During the same period in the prior year, the firm earned $0.33 EPS.

Colony Bankcorp Price Performance

Shares of CBAN traded up $0.16 during mid-day trading on Thursday, hitting $14.16. 234,444 shares of the stock were exchanged, compared to its average volume of 41,533. The firm has a 50-day moving average of $12.28 and a two-hundred day moving average of $11.74. Colony Bankcorp has a 52-week low of $9.35 and a 52-week high of $14.38. The company has a market cap of $248.65 million, a PE ratio of 11.33 and a beta of 0.58. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.77 and a current ratio of 0.78.

Analysts Set New Price Targets

Separately, StockNews.com raised Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Wednesday, May 29th.

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 consumer customers. The company offers 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.