Colony Bankcorp, Inc. (CBAN) to Issue Quarterly Dividend of $0.12 on November 25th

Colony Bankcorp, Inc. (NYSE:CBAN) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Wednesday, November 11th will be given a dividend of $0.12 per share on Wednesday, November 25th. This represents a $0.48 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, November 10th.

Colony Bankcorp Stock Up 1.5%

CBAN stock opened at $20.25 on Friday. Colony Bankcorp has a one year low of $15.90 and a one year high of $22.46. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s fifty day moving average is $20.56 and its 200 day moving average is $20.43. The firm has a market cap of $429.75 million, a PE ratio of 11.13 and a beta of 0.57.

Colony Bankcorp (NYSE:CBAN) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Colony Bankcorp had a net margin of 16.71% and a return on equity of 10.73%. The business had revenue of $42.64 million during the quarter, compared to the consensus estimate of $41.20 million. On average, research analysts forecast that Colony Bankcorp will post 2.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CBAN shares. Zacks Research lowered Colony Bankcorp from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. Wall Street Zen upgraded Colony Bankcorp from a “hold” rating to a “buy” rating in a research report on Sunday, November 1st. Finally, Weiss Ratings downgraded Colony Bankcorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

About Colony Bankcorp

Colony Bankcorp, Inc is a bank holding company headquartered in Fitzgerald, Georgia. Through its wholly owned subsidiary, Colony Bank, the company provides banking and financial services to individuals, families, businesses and institutions. Colony Bank has roots dating to 1935 and operates as a community-focused financial institution serving markets across Georgia and neighboring areas.

The bank offers a range of personal and business deposit accounts, consumer and commercial loans, mortgage lending, treasury management and other banking services.