Colony Bankcorp, Inc. (CBAN) to Issue Quarterly Dividend of $0.12 on November 19th

Colony Bankcorp, Inc. (NASDAQ:CBAN) announced a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Wednesday, November 5th will be given a dividend of 0.115 per share by the financial services provider on Wednesday, November 19th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Wednesday, November 5th.

Colony Bankcorp has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 7 years.

Colony Bankcorp Stock Down 0.0%

NASDAQ CBAN opened at $16.01 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. The stock’s 50 day moving average is $16.94 and its two-hundred day moving average is $16.41. The company has a market capitalization of $279.53 million, a price-to-earnings ratio of 11.86 and a beta of 0.66. Colony Bankcorp has a 1-year low of $13.99 and a 1-year high of $18.49.

Analyst Upgrades and Downgrades

Separately, Hovde Group lifted their price objective on Colony Bankcorp from $19.50 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $21.00.

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.