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

Colony Bankcorp, Inc. (NASDAQ:CBAN) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Wednesday, February 5th. This is a boost 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 Price Performance

Shares of NASDAQ:CBAN traded up $1.27 during trading on Thursday, hitting $16.97. 60,721 shares of the company were exchanged, compared to its average volume of 48,734. The business’s 50 day moving average is $16.58 and its 200-day moving average is $15.42. The company has a market capitalization of $297.40 million, a P/E ratio of 13.57 and a beta of 0.62. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90. Colony Bankcorp has a 1-year low of $10.33 and a 1-year high of $18.49.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping 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 company had revenue of $44.69 million during the quarter, compared to the consensus estimate of $28.67 million. During the same period in the prior year, the business earned $0.34 earnings per share. Equities analysts forecast that Colony Bankcorp will post 1.38 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th.

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.