Colony Bankcorp, Inc. (NASDAQ:CBAN) to Issue Quarterly Dividend of $0.12

Colony Bankcorp, Inc. (NASDAQ:CBAN) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Investors of record on Wednesday, February 5th will be given a dividend of 0.115 per share by the financial services provider on Wednesday, February 19th. This represents a $0.46 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, February 5th. This is a positive change from Colony Bankcorp’s previous quarterly dividend of $0.11.

Colony Bankcorp has raised its dividend payment by an average of 3.2% per year over the last three years.

Colony Bankcorp Stock Up 8.0 %

Shares of Colony Bankcorp stock traded up $1.26 on Thursday, hitting $16.96. 105,808 shares of the company’s stock traded hands, compared to its average volume of 52,301. Colony Bankcorp has a 52-week low of $10.33 and a 52-week high of $18.49. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90. The stock has a market cap of $297.31 million, a P/E ratio of 13.57 and a beta of 0.62. The firm’s 50-day moving average is $16.58 and its 200 day moving average is $15.42.

Colony Bankcorp (NASDAQ:CBAN) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $44.69 million for the quarter, compared to analysts’ expectations of $28.67 million. Colony Bankcorp had a net margin of 12.75% and a return on equity of 8.86%. During the same quarter last year, the company posted $0.34 earnings per share. Equities analysts anticipate that Colony Bankcorp will post 1.38 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Colony Bankcorp from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th.

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.