Colony Bankcorp (NYSE:CBAN) Shares Down 1% – Here’s Why

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CBAN shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Colony Bankcorp in a research note on Monday. Wall Street Zen lowered Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Colony Bankcorp Trading Down 1.0%

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’s fifty day moving average is $16.86 and its two-hundred day moving average is $16.78. The firm has a market capitalization of $319.84 million, a PE ratio of 11.54 and a beta of 0.66.

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

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.