Colony Bankcorp, Inc. (CBAN) To Go Ex-Dividend on February 5th

Colony Bankcorp, Inc. (NASDAQ:CBAN) declared 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 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Wednesday, February 5th. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11.

Colony Bankcorp has increased its dividend by an average of 3.2% annually over the last three years.

Colony Bankcorp Trading Up 8.0 %

CBAN stock opened at $16.96 on Friday. 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 50-day simple moving average is $16.57 and its 200 day simple moving average is $15.43. Colony Bankcorp has a 52 week low of $10.33 and a 52 week high of $18.49. The company has a market capitalization of $297.31 million, a PE ratio of 13.57 and a beta of 0.62.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of 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.