Colony Bankcorp (NYSE:CBAN) Trading 2.2% Higher – Time to Buy?

Colony Bankcorp, Inc. (NYSE:CBAN)’s share price rose 2.2% on Monday . The company traded as high as $16.44 and last traded at $16.42. Approximately 43,699 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 65,356 shares. The stock had previously closed at $16.06.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Colony Bankcorp in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Colony Bankcorp has an average rating of “Buy”.

Colony Bankcorp Price Performance

The business has a 50 day moving average of $16.93. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $286.69 million, a P/E ratio of 10.39 and a beta of 0.66.

Colony Bankcorp (NYSE:CBAN) last announced its earnings results on Thursday, January 20th. The company reported $0.44 EPS for the quarter. The business had revenue of $21.48 million for the quarter. Colony Bankcorp had a net margin of 15.15% and a return on equity of 10.06%.

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 consumer customers. The company offers various deposit products, including demand, savings, and time deposits. It 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.