Colony Bankcorp (NYSE:CBAN) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Colony Bankcorp (NYSE:CBAN) from a buy rating to a hold rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Colony Bankcorp in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Colony Bankcorp Trading Up 0.4%

NYSE:CBAN opened at $16.06 on Friday. The firm has a market cap of $280.42 million, a price-to-earnings ratio of 10.10 and a beta of 0.66. Colony Bankcorp has a 1 year low of $13.99 and a 1 year high of $18.49. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average price of $16.91.

Colony Bankcorp (NYSE:CBAN) last released its earnings results on Wednesday, October 22nd. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $32.79 million during the quarter, compared to analyst estimates of $33.70 million. Colony Bankcorp had a net margin of 15.07% and a return on equity of 10.67%.

About Colony Bankcorp

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.