Colony Bankcorp (NASDAQ:CBAN) Issues Earnings Results

Colony Bankcorp (NASDAQ:CBAN) released its earnings results on Wednesday. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02, Zacks reports. The company had revenue of $42.83 million for the quarter, compared to analyst estimates of $28.97 million. Colony Bankcorp had a net margin of 13.03% and a return on equity of 9.22%. During the same period in the prior year, the firm earned $0.33 EPS.

Colony Bankcorp Stock Performance

Shares of NASDAQ CBAN traded up $0.24 during midday trading on Friday, reaching $14.40. 3,313 shares of the company traded hands, compared to its average volume of 41,265. The stock has a 50-day moving average price of $12.28 and a 200 day moving average price of $11.74. The company has a market cap of $252.86 million, a price-to-earnings ratio of 11.33 and a beta of 0.58. Colony Bankcorp has a 52 week low of $9.35 and a 52 week high of $14.40. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.78 and a quick ratio of 0.77.

Colony Bankcorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th will be paid a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, August 7th. Colony Bankcorp’s dividend payout ratio is currently 36.00%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Wednesday, May 29th.

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.