Colony Bankcorp, Inc. (CBAN) Set to Announce Earnings on Wednesday
Colony Bankcorp (NASDAQ:CBAN) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter. Colony Bankcorp had a net margin of 16.40% and a return on equity of 10.42%. The business had revenue of $12.21 million during the quarter.
Shares of Colony Bankcorp, Inc. (NASDAQ:CBAN) opened at 13.30 on Wednesday. Colony Bankcorp, Inc. has a 52-week low of $9.45 and a 52-week high of $14.55. The firm has a market cap of $112.24 million, a P/E ratio of 14.15 and a beta of 1.05. The company has a 50-day moving average of $13.45 and a 200 day moving average of $13.59.
In other Colony Bankcorp news, insider Terry L. Hester sold 2,500 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $13.90, for a total value of $34,750.00. Following the completion of the transaction, the insider now owns 112,373 shares in the company, valued at $1,561,984.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 13.07% of the stock is currently owned by corporate insiders.
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Separately, ValuEngine downgraded Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Thursday, July 6th.
Colony Bankcorp Company Profile
Colony Bankcorp, Inc (Colony) is a bank holding company. The Company operates through its subsidiary, Colony Bank (the Bank). The Bank offers traditional banking products and services to commercial and consumer customers in its markets. The Bank’s product line includes 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, consumer loans and a range of demand, savings and time deposit products, among others.
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