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

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

Colony Bankcorp Stock Up 8.0 %

CBAN stock opened at $16.96 on Friday. The stock has a market capitalization of $297.31 million, a P/E ratio of 13.57 and a beta of 0.62. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. Colony Bankcorp has a 12 month low of $10.33 and a 12 month high of $18.49. The firm has a 50-day moving average price of $16.57 and a 200-day moving average price of $15.43.

Colony Bankcorp (NASDAQ:CBAN) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $44.69 million during 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 in the prior year, the business earned $0.34 earnings per share. As a group, equities research analysts anticipate that Colony Bankcorp will post 1.38 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of 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.