Colony Bankcorp (NYSE:CBAN – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04, FiscalAI reports. Colony Bankcorp had a net margin of 14.83% and a return on equity of 10.23%. The business had revenue of $42.03 million for the quarter, compared to the consensus estimate of $40.90 million.
Colony Bankcorp Trading Down 1.4%
Shares of CBAN stock traded down $0.29 during mid-day trading on Wednesday, hitting $20.56. The company’s stock had a trading volume of 228,552 shares, compared to its average volume of 244,818. The company has a market cap of $435.05 million, a PE ratio of 12.85 and a beta of 0.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.88 and a current ratio of 0.89. The company’s fifty day simple moving average is $20.22 and its 200-day simple moving average is $19.91. Colony Bankcorp has a 52 week low of $15.80 and a 52 week high of $21.61.
Institutional Investors Weigh In On Colony Bankcorp
Several large investors have recently added to or reduced their stakes in CBAN. Man Group plc increased its stake in shares of Colony Bankcorp by 4.9% in the 4th quarter. Man Group plc now owns 18,793 shares of the company’s stock valued at $335,000 after acquiring an additional 874 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Colony Bankcorp by 38.4% during the second quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock worth $57,000 after acquiring an additional 969 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Colony Bankcorp by 4.9% during the second quarter. Hsbc Holdings PLC now owns 29,374 shares of the company’s stock worth $484,000 after acquiring an additional 1,374 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Colony Bankcorp by 83.0% in the third quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock worth $61,000 after purchasing an additional 1,630 shares during the period. Finally, Barclays PLC grew its holdings in Colony Bankcorp by 2.7% in the third quarter. Barclays PLC now owns 68,334 shares of the company’s stock worth $1,162,000 after purchasing an additional 1,778 shares during the period. Institutional investors and hedge funds own 50.37% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on Colony Bankcorp
About Colony Bankcorp
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.
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