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

Colony Bankcorp, Inc. (NYSE:CBAN) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Wednesday, August 5th will be given a dividend of 0.12 per share on Wednesday, August 19th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, August 5th.

Colony Bankcorp has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 7 years.

Colony Bankcorp Price Performance

CBAN opened at $21.52 on Friday. Colony Bankcorp has a 52-week low of $15.80 and a 52-week high of $21.61. The company has a 50 day moving average of $20.28 and a two-hundred day moving average of $19.95. The company has a market cap of $455.32 million, a P/E ratio of 13.04 and a beta of 0.56. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.68.

Colony Bankcorp (NYSE:CBAN) last issued its earnings results on Wednesday, July 22nd. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $42.03 million for the quarter, compared to the consensus estimate of $40.90 million. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.67%. On average, analysts expect that Colony Bankcorp will post 1.92 earnings per share for the current year.

Analysts Set New Price Targets

CBAN has been the subject of several recent research reports. Hovde Group increased their price target on Colony Bankcorp from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Zacks Research upgraded Colony Bankcorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Weiss Ratings raised Colony Bankcorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, May 15th. Finally, Wall Street Zen lowered Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $23.00.

About Colony Bankcorp

Colony Bankcorp, Inc is a bank holding company headquartered in Baxley, Georgia, that operates through its primary subsidiary, The Colony Bank. The company’s core focus is on delivering community banking services tailored to individuals, small businesses and agricultural customers throughout Georgia and Florida. Colony Bankcorp’s structure supports a full suite of deposit and lending solutions designed to meet the needs of local markets.

The company offers a range of deposit products, including personal and business checking accounts, savings and money market accounts, and certificates of deposit.