Colony Bankcorp, Inc. (NASDAQ:CBAN) Releases Quarterly Earnings Results
Colony Bankcorp, Inc. (NASDAQ:CBAN) posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The company had revenue of $12.21 million for the quarter. Colony Bankcorp had a net margin of 16.40% and a return on equity of 10.42%.
Colony Bankcorp (NASDAQ:CBAN) traded up 0.70% during mid-day trading on Friday, hitting $13.70. 876 shares of the stock were exchanged. The stock has a market cap of $115.61 million, a price-to-earnings ratio of 14.57 and a beta of 0.99. The company has a 50 day moving average price of $13.70 and a 200 day moving average price of $13.70. Colony Bankcorp has a 52 week low of $9.40 and a 52 week high of $14.55.
Separately, ValuEngine lowered shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th.
In other news, insider Terry L. Hester sold 2,500 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 112,373 shares of the company’s stock, valued at $1,561,984.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.07% of the stock is currently owned by corporate insiders.
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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