Colony Bankcorp (NASDAQ:CBAN - Get Free Report) posted its earnings results on Wednesday. The financial services provider reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01, RTT News reports. The firm had revenue of $44.69 million for the quarter, compared to the consensus estimate of $28.67 million. Colony Bankcorp had a net margin of 13.03% and a return on equity of 9.09%. During the same period in the previous year, the firm posted $0.34 EPS.
Colony Bankcorp Trading Down 1.8 %
NASDAQ:CBAN traded down $0.27 during mid-day trading on Friday, hitting $14.85. 16,532 shares of the stock traded hands, compared to its average volume of 41,322. The company has a quick ratio of 0.78, a current ratio of 0.80 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 stock has a market capitalization of $260.75 million, a price-to-earnings ratio of 12.10 and a beta of 0.57. The firm's 50 day moving average is $15.08 and its two-hundred day moving average is $13.18.
Colony Bankcorp Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be issued a $0.112 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.45 annualized dividend and a dividend yield of 3.02%. Colony Bankcorp's dividend payout ratio (DPR) is presently 36.00%.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Colony Bankcorp from a "buy" rating to a "hold" rating in a report on Wednesday, September 4th.
View Our Latest Research Report on CBAN
Colony Bankcorp Company Profile
(
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.
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