NasdaqGM:CBAN

Stock Analysis Report

Executive Summary

Colony Bankcorp, Inc. operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and retail customers.

Rewards

PE ratio (13.8x) is below the US market (18.5x)

Earnings have grown 17.4% per year over the past 5 years

Risk Analysis

Unstable dividend track record

Shareholders have been diluted in the past year



Snowflake Analysis

Excellent balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Colony Bankcorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CBAN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.4%

CBAN

1.1%

US Banks

0.7%

US Market


1 Year Return

-7.2%

CBAN

21.0%

US Banks

18.2%

US Market

Return vs Industry: CBAN underperformed the US Banks industry which returned 21% over the past year.

Return vs Market: CBAN underperformed the US Market which returned 18.2% over the past year.


Shareholder returns

CBANIndustryMarket
7 Day1.4%1.1%0.7%
30 Day4.1%0.8%1.5%
90 Day4.2%10.5%5.0%
1 Year-5.5%-7.2%24.6%21.0%20.8%18.2%
3 Year36.0%30.9%31.6%22.4%45.2%35.8%
5 Year124.3%116.0%79.1%59.2%71.6%52.7%

Price Volatility Vs. Market

How volatile is Colony Bankcorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Colony Bankcorp undervalued compared to its fair value and its price relative to the market?

13.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CBAN ($16.24) is trading above our estimate of fair value ($13.03)

Significantly Below Fair Value: CBAN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CBAN is poor value based on its PE Ratio (13.8x) compared to the Banks industry average (12.7x).

PE vs Market: CBAN is good value based on its PE Ratio (13.8x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CBAN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CBAN is good value based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Colony Bankcorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.4%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Colony Bankcorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Colony Bankcorp performed over the past 5 years?

17.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CBAN has high quality earnings.

Growing Profit Margin: CBAN's current net profit margins (18.1%) are lower than last year (19.1%).


Past Earnings Growth Analysis

Earnings Trend: CBAN's earnings have grown by 17.4% per year over the past 5 years.

Accelerating Growth: CBAN's earnings growth over the past year (9.3%) is below its 5-year average (17.4% per year).

Earnings vs Industry: CBAN earnings growth over the past year (9.3%) underperformed the Banks industry 27.1%.


Return on Equity

High ROE: CBAN's Return on Equity (8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Colony Bankcorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: CBAN has a low level of unsold assets or inventory.

Debt Coverage by Assets: CBAN's debt is not covered by short term assets (assets are 0.7x debt).


Financial Institutions Analysis

Asset Level: CBAN's level of assets compared to its equity is moderate.

Allowance for Bad Loans: CBAN has a low allowance for bad loans.

Low Risk Liabilities: CBAN's liabilities are made up of primarily low risk sources of funding.

Loan Level: CBAN has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CBAN's loans are broadly funded by customer deposits.

Level of Bad Loans: CBAN has an appropriate level of bad loans (1.06%)


Next Steps

Dividend

What is Colony Bankcorp's current dividend yield, its reliability and sustainability?

1.85%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: CBAN's dividend (1.85%) is higher than the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: CBAN's dividend (1.85%) is low compared to the top 25% of dividend payers in the US market (3.7%).


Stability and Growth of Payments

Stable Dividend: CBAN's dividend payments have been volatile in the past 10 years.

Growing Dividend: CBAN's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.4%), CBAN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Colony Bankcorp's salary, the management and board of directors tenure and is there insider trading?

1.0yrs

Average management tenure


CEO

T. Fountain (44yo)

1.4yrs

Tenure

US$399,970

Compensation

Mr. T. Heath Fountain, CPA, has been President, Chief Executive Officer and Director of Colony Bankcorp, Inc. since July 2018. Mr. Fountain served as Chief Executive Officer of Planters First Bank since Ju ...


CEO Compensation Analysis

Compensation vs Market: T.'s total compensation ($USD399.97K) is below average for companies of similar size in the US market ($USD1.12M).

Compensation vs Earnings: Insufficient data to compare T.'s compensation with company performance.


Management Age and Tenure

1.0yrs

Average Tenure

57yo

Average Age

Experienced Management: CBAN's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Age and Tenure

3.5yrs

Average Tenure

55yo

Average Age

Experienced Board: CBAN's board of directors are considered experienced (3.5 years average tenure).


Insider Trading

Insider Buying: CBAN insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

BuyUS$3929 Nov 19
Robert Ross
EntityIndividual
Shares2.51
Max PriceUS$15.69
BuyUS$33529 Nov 19
M. Edward Hoyle
EntityIndividual
Shares21.38
Max PriceUS$15.69
BuyUS$4029 Nov 19
Edward Bagwell
EntityIndividual
Role
Chief Legal Officer
Executive VP
Shares2.54
Max PriceUS$15.69
SellUS$48,00029 Nov 19
Terry Hester
EntityIndividual
Role
Member of the Board of Directors
Executive VP & Director
Shares3,000
Max PriceUS$16.00
BuyUS$4023 Aug 19
Edward Bagwell
EntityIndividual
Role
Chief Legal Officer
Executive VP
Shares2.48
Max PriceUS$15.97
BuyUS$33423 Aug 19
M. Edward Hoyle
EntityIndividual
Shares20.91
Max PriceUS$15.97
BuyUS$3923 Aug 19
Robert Ross
EntityIndividual
Shares2.45
Max PriceUS$15.97
BuyUS$5,94511 Jun 19
Matthew Reed
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares350
Max PriceUS$16.99
BuyUS$5,82829 May 19
Matthew Reed
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares350
Max PriceUS$16.65
BuyUS$3924 May 19
Edward Bagwell
EntityIndividual
Role
Chief Legal Officer
Executive VP
Shares2.3
Max PriceUS$17.20
BuyUS$33224 May 19
M. Edward Hoyle
EntityIndividual
Shares19.33
Max PriceUS$17.20
BuyUS$3924 May 19
Robert Ross
EntityIndividual
Shares2.27
Max PriceUS$17.20
SellUS$51,45006 May 19
Terry Hester
EntityIndividual
Role
Member of the Board of Directors
Executive VP & Director
Shares3,000
Max PriceUS$17.30
BuyUS$3925 Feb 19
Robert Ross
EntityIndividual
Shares2.38
Max PriceUS$16.30
BuyUS$7625 Feb 19
Lee Northcutt
EntityIndividual
Shares4.69
Max PriceUS$16.30
BuyUS$3925 Feb 19
Edward Bagwell
EntityIndividual
Role
Chief Legal Officer
Executive VP
Shares2.41
Max PriceUS$16.30
BuyUS$33125 Feb 19
M. Edward Hoyle
EntityIndividual
Shares20.3
Max PriceUS$16.30

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.1%.


Management Team

  • Terry Hester (64yo)

    Executive VP & Director

    • Tenure: 29.8yrs
    • Compensation: US$253.38k
  • Walter Patten (68yo)

    Executive Vice President

    • Tenure: 19.6yrs
    • Compensation: US$174.20k
  • Ed Loomis (66yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: US$351.20k
  • T. Fountain (44yo)

    President

    • Tenure: 1.4yrs
    • Compensation: US$399.97k
  • J. Cook (57yo)

    Executive VP & Chief Credit Officer

    • Tenure: 0.6yrs
    • Compensation: US$173.26k
  • Edward Bagwell (52yo)

    Executive VP

    • Tenure: 0.6yrs
  • Kimberly Dockery (36yo)

    Executive VP & Chief Administrative Officer

    • Tenure: 1.4yrs
  • Eddie Hoyle (62yo)

    Chief Banking Officer

    • Tenure: 0yrs
    • Compensation: US$184.34k
  • Tracie Youngblood (47yo)

    Executive VP

    • Tenure: 0.5yrs
  • Lance Whitley

    Chief People Officer

    • Tenure: 0.5yrs

Board Members

  • Terry Hester (64yo)

    Executive VP & Director

    • Tenure: 29.8yrs
    • Compensation: US$253.38k
  • Ed Loomis (66yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: US$351.20k
  • T. Fountain (44yo)

    President

    • Tenure: 1.4yrs
    • Compensation: US$399.97k
  • Mark Massee (65yo)

    Chairman of the Board

    • Tenure: 3.5yrs
    • Compensation: US$45.60k
  • Jonathan W. Ross (55yo)

    Independent Director

    • Tenure: 12.6yrs
    • Compensation: US$28.40k
  • Freddie Dwozan (69yo)

    Vice Chairman of the Board

    • Tenure: 2.5yrs
    • Compensation: US$24.60k
  • Scott Downing (47yo)

    Independent Director

    • Tenure: 7.9yrs
    • Compensation: US$31.20k
  • Meagan Mowry (42yo)

    Independent Director

    • Tenure: 0.8yrs
  • Matthew Reed (31yo)

    Independent Director

    • Tenure: 0.8yrs

Company Information

Colony Bankcorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Colony Bankcorp, Inc.
  • Ticker: CBAN
  • Exchange: NasdaqGM
  • Founded: 1975
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$150.746m
  • Shares outstanding: 9.50m
  • Website: https://www.colonybank.com

Number of Employees


Location

  • Colony Bankcorp, Inc.
  • 115 South Grant Street
  • Fitzgerald
  • Georgia
  • 31750
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CBANNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDMar 1998

Biography

Colony Bankcorp, Inc. operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and retail customers. It offers various deposit products, includ ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/10 23:37
End of Day Share Price2019/12/10 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.