Colony Bankcorp, Inc. (NASDAQ:CBAN) Raises Dividend to $0.12 Per Share

Colony Bankcorp, Inc. (NASDAQ:CBAN) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Shareholders of record on Wednesday, February 5th will be paid a dividend of 0.115 per share by the financial services provider on Wednesday, February 19th. This represents a $0.46 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Wednesday, February 5th. This is a positive change from Colony Bankcorp’s previous quarterly dividend of $0.11.

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

Colony Bankcorp Stock Up 8.1 %

Shares of NASDAQ CBAN traded up $1.27 during trading on Thursday, hitting $16.97. 60,721 shares of the company traded hands, compared to its average volume of 48,734. The business’s fifty day moving average is $16.58 and its 200 day moving average is $15.42. Colony Bankcorp has a fifty-two week low of $10.33 and a fifty-two week high of $18.49. The firm has a market capitalization of $297.40 million, a price-to-earnings ratio of 13.57 and a beta of 0.62. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.81.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Colony Bankcorp had a net margin of 12.75% and a return on equity of 8.86%. The firm had revenue of $44.69 million for the quarter, compared to analyst estimates of $28.67 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. Equities research analysts predict that Colony Bankcorp will post 1.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded 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.