Colony Bankcorp, Inc. (NYSE:CBAN) Plans $0.12 Quarterly Dividend

Colony Bankcorp, Inc. (NYSE:CBAN) announced a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Wednesday, May 6th will be given a dividend of 0.12 per share on Wednesday, May 20th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, May 6th.

Colony Bankcorp has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 7 consecutive years.

Colony Bankcorp Stock Performance

Shares of NYSE CBAN opened at $20.81 on Thursday. The business’s 50-day simple moving average is $20.12 and its 200-day simple moving average is $18.52. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 0.88. Colony Bankcorp has a 52 week low of $14.63 and a 52 week high of $21.61. The firm has a market cap of $440.57 million, a price-to-earnings ratio of 13.09 and a beta of 0.61.

Colony Bankcorp (NYSE:CBAN) last announced its earnings results on Wednesday, April 22nd. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. Colony Bankcorp had a return on equity of 10.08% and a net margin of 14.85%.The firm had revenue of $30.93 million during the quarter, compared to analysts’ expectations of $42.10 million. As a group, equities research analysts expect that Colony Bankcorp will post 1.91 earnings per share for the current fiscal year.

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.