Colony Bankcorp Inc reports results for the quarter ended June 30 - Earnings Summary

• Colony Bankcorp Inc CBAN.N reported quarterly adjusted earnings of 46 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of two analysts for the quarter was for earnings of 41 cents per share. Wall Street expected results to range from 40 cents to 41 cents per share.

• Revenue rose 16.4% to $32.48 million from a year ago; analysts expected $32.30 million.

• Colony Bankcorp Inc's reported EPS for the quarter was 46 cents​.

• The company reported quarterly net income of $7.98 million.

• Colony Bankcorp Inc shares had risen by 7.7% this quarter and gained 9.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Colony Bankcorp Inc is $19.00, about 6.3% above its last closing price of $17.80

This summary was machine generated from LSEG data July 23 at 11:37 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)