Colony Bankcorp (NASDAQ:CBAN) posted its earnings results on Thursday. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.11, MarketWatch Earnings reports. Colony Bankcorp had a net margin of 11.20% and a return on equity of 7.89%.
NASDAQ:CBAN opened at $12.70 on Friday. Colony Bankcorp has a 12 month low of $8.70 and a 12 month high of $16.50. The firm has a market cap of $120.64 million, a price-to-earnings ratio of 13.23 and a beta of 0.61. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.25. The company’s 50 day moving average is $10.71 and its 200-day moving average is $11.21.
Separately, ValuEngine cut shares of Colony Bankcorp from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd.
In other news, VP Lee Bagwell purchased 2,597 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were bought at an average price of $11.13 per share, with a total value of $28,904.61. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Meagan M. Mowry purchased 3,245 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was purchased at an average cost of $11.08 per share, for a total transaction of $35,954.60. Following the transaction, the director now owns 3,245 shares of the company’s stock, valued at $35,954.60. The disclosure for this purchase can be found here. In the last three months, insiders bought 7,442 shares of company stock worth $82,524. Insiders own 7.22% of the company’s stock.
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 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.
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