Colony Bankcorp (CBAN) Scheduled to Post Earnings on Wednesday

Colony Bankcorp (NASDAQ:CBAN) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 24th. Investors that wish to register for the company’s conference call can do so using this link.

Colony Bankcorp (NASDAQ:CBAN) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.31 EPS for the quarter. The business had revenue of $28.18 million during the quarter. Colony Bankcorp had a net margin of 13.55% and a return on equity of 9.32%.

Colony Bankcorp Stock Performance

CBAN opened at $10.63 on Monday. The firm has a market capitalization of $186.66 million, a PE ratio of 8.57 and a beta of 0.53. Colony Bankcorp has a twelve month low of $8.59 and a twelve month high of $13.58. The firm’s 50-day moving average price is $11.05 and its 200 day moving average price is $11.31. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.94.

Colony Bankcorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were given a dividend of $0.112 per share. The ex-dividend date was Tuesday, February 6th. This is a positive change from Colony Bankcorp’s previous quarterly dividend of $0.11. This represents a $0.45 dividend on an annualized basis and a yield of 4.21%. Colony Bankcorp’s payout ratio is presently 36.29%.

Institutional Investors Weigh In On Colony Bankcorp

Large investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. increased its position in shares of Colony Bankcorp by 172.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,508 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 954 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new stake in Colony Bankcorp during the 2nd quarter worth $62,000. Royal Bank of Canada boosted its stake in Colony Bankcorp by 5,594.9% during the 1st quarter. Royal Bank of Canada now owns 4,499 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 4,420 shares during the period. UBS Group AG acquired a new stake in Colony Bankcorp during the 4th quarter worth $60,000. Finally, BNP Paribas Arbitrage SNC boosted its stake in Colony Bankcorp by 27.5% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 5,274 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,137 shares during the period. 50.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th.

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.