Colony Bankcorp (NYSE:CBAN) Trading Down 1% – Here’s What Happened

Colony Bankcorp, Inc. (NYSE:CBAN) shares were down 1% on Friday . The stock traded as low as $18.16 and last traded at $18.35. Approximately 170,535 shares changed hands during trading, an increase of 101% from the average daily volume of 84,673 shares. The stock had previously closed at $18.54.

Wall Street Analysts Forecast Growth

CBAN has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Colony Bankcorp in a research note on Monday. Wall Street Zen cut shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Colony Bankcorp has an average rating of “Buy”.

Colony Bankcorp Stock Performance

The company has a debt-to-equity ratio of 0.82, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a market capitalization of $319.84 million, a PE ratio of 11.54 and a beta of 0.66. The company’s fifty day simple moving average is $16.86 and its 200 day simple moving average is $16.78.

Colony Bankcorp (NYSE:CBAN) last posted its quarterly earnings results on Monday, December 1st. The company reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $32.79 million for the quarter. Colony Bankcorp had a net margin of 15.07% and a return on equity of 10.53%.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc is a bank holding company headquartered in Baxley, Georgia, that operates through its primary subsidiary, The Colony Bank. The company’s core focus is on delivering community banking services tailored to individuals, small businesses and agricultural customers throughout Georgia and Florida. Colony Bankcorp’s structure supports a full suite of deposit and lending solutions designed to meet the needs of local markets.

The company offers a range of deposit products, including personal and business checking accounts, savings and money market accounts, and certificates of deposit.