Colony Bankcorp, Inc. (NASDAQ:CBAN - Get Free Report) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Wednesday, November 6th will be given a dividend of 0.112 per share by the financial services provider on Wednesday, November 20th. This represents a $0.45 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Wednesday, November 6th.
Colony Bankcorp has raised its dividend payment by an average of 3.2% annually over the last three years. Colony Bankcorp has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Colony Bankcorp to earn $1.44 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 31.3%.
Colony Bankcorp Stock Performance
Shares of Colony Bankcorp stock traded down $0.27 on Friday, hitting $14.85. The stock had a trading volume of 16,532 shares, compared to its average volume of 41,322. The stock has a market cap of $260.75 million, a price-to-earnings ratio of 12.10 and a beta of 0.57. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 1.01. Colony Bankcorp has a 52-week low of $9.46 and a 52-week high of $16.06. The company's 50 day moving average price is $15.08 and its 200 day moving average price is $13.18.
Colony Bankcorp (NASDAQ:CBAN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $44.69 million during the quarter, compared to analysts' expectations of $28.67 million. Colony Bankcorp had a return on equity of 9.09% and a net margin of 13.03%. During the same quarter in the previous year, the business earned $0.34 earnings per share. On average, research analysts anticipate that Colony Bankcorp will post 1.33 EPS for the current year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Colony Bankcorp from a "buy" rating to a "hold" rating in a report on Wednesday, September 4th.
Get Our Latest Stock Report on CBAN
About Colony Bankcorp
(
Get Free Report)
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.
Further Reading
Before you consider Colony Bankcorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Colony Bankcorp wasn't on the list.
While Colony Bankcorp currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
