Colony Bankcorp (CBAN) Releases Quarterly Earnings Results
Colony Bankcorp (NASDAQ:CBAN) released its quarterly earnings data on Thursday. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The firm had revenue of $12.69 million for the quarter. Colony Bankcorp had a net margin of 20.32% and a return on equity of 13.48%.
CBAN traded up $0.26 during trading hours on Friday, hitting $17.09. The company’s stock had a trading volume of 4,630 shares, compared to its average volume of 5,144. Colony Bankcorp has a 12 month low of $12.29 and a 12 month high of $19.20. The stock has a market capitalization of $144.33 million, a PE ratio of 12.33 and a beta of 0.66. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 0.77.
Separately, ValuEngine cut shares of Colony Bankcorp from a “hold” rating to a “sell” rating in a research report on Monday, March 25th.
Colony Bankcorp, Inc operates as the holding company for Colony Bank that provides banking products and services to commercial and consumer customers. It offers various deposit products, including demand, savings, and time deposits. The company also offers 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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