Colony Bankcorp, Inc. (NASDAQ:CBAN – Get Free Report) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Wednesday, November 6th will be given a dividend of 0.112 per share by the financial services provider on Wednesday, November 20th. This represents a $0.45 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Wednesday, November 6th.
Colony Bankcorp has raised its dividend payment by an average of 3.2% annually over the last three years. Colony Bankcorp has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Colony Bankcorp to earn $1.44 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 31.3%.
Colony Bankcorp Price Performance
NASDAQ CBAN opened at $15.12 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.80 and a quick ratio of 0.78. The stock’s 50-day moving average is $15.08 and its two-hundred day moving average is $13.18. The firm has a market cap of $265.49 million, a P/E ratio of 12.10 and a beta of 0.57. Colony Bankcorp has a fifty-two week low of $9.38 and a fifty-two week high of $16.06.
Analysts Set New Price Targets
Separately, StockNews.com lowered Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th.
View Our Latest Stock Report on Colony Bankcorp
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 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.
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