Colony Bankcorp (NASDAQ:CBAN) Issues Earnings Results, Beats Expectations By $0.01 EPS

Colony Bankcorp (NASDAQ:CBAN) issued its earnings results on Wednesday. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01, RTT News reports. Colony Bankcorp had a return on equity of 9.09% and a net margin of 13.03%. The business had revenue of $44.69 million during the quarter, compared to the consensus estimate of $28.67 million. During the same quarter last year, the company earned $0.34 EPS.

Colony Bankcorp Price Performance

NASDAQ CBAN traded down $0.27 during trading on Friday, reaching $14.85. The company’s stock had a trading volume of 16,532 shares, compared to its average volume of 41,322. The firm has a fifty day moving average of $15.08 and a 200 day moving average of $13.18. Colony Bankcorp has a one year low of $9.46 and a one year high of $16.06. The stock has a market capitalization of $260.75 million, a PE ratio of 12.10 and a beta of 0.57. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.80 and a quick ratio of 0.78.

Colony Bankcorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a dividend of $0.112 per share. This represents a $0.45 annualized dividend and a yield of 3.02%. The ex-dividend date is Wednesday, November 6th. Colony Bankcorp’s payout ratio is 36.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th.

Colony Bankcorp Company Profile

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.