Colony Bankcorp (CBAN) to Release Quarterly Earnings on Wednesday

Colony Bankcorp (NASDAQ:CBAN) is anticipated to release its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Colony Bankcorp to post earnings of $0.40 per share and revenue of $29.90 million for the quarter.

Colony Bankcorp Price Performance

Colony Bankcorp stock opened at $14.74 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81. The company’s fifty day moving average price is $16.00 and its 200 day moving average price is $16.24. The stock has a market capitalization of $258.24 million, a P/E ratio of 10.92 and a beta of 0.55. Colony Bankcorp has a 1 year low of $10.52 and a 1 year high of $18.49.

Colony Bankcorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 3.12%. The ex-dividend date was Wednesday, February 5th. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11. Colony Bankcorp’s dividend payout ratio is 34.07%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Colony Bankcorp from a “hold” rating to a “buy” rating in a report 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.