Colony Bankcorp, Inc. (NASDAQ:CBAN) Plans $0.11 Quarterly Dividend

Colony Bankcorp, Inc. (NASDAQ:CBAN) announced a quarterly dividend on Wednesday, July 24th, Zacks reports. Investors of record on Wednesday, August 7th will be paid a dividend of 0.112 per share by the financial services provider on Wednesday, August 21st. This represents a $0.45 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Wednesday, August 7th.

Colony Bankcorp has raised its dividend by an average of 3.2% annually over the last three years. Colony Bankcorp has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Colony Bankcorp to earn $1.45 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 31.0%.

Colony Bankcorp Trading Up 1.1 %

Shares of Colony Bankcorp stock opened at $14.16 on Friday. The stock has a fifty day moving average price of $12.28 and a 200-day moving average price of $11.74. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.78 and a quick ratio of 0.77. Colony Bankcorp has a 1 year low of $9.35 and a 1 year high of $14.38. The firm has a market cap of $248.65 million, a PE ratio of 11.33 and a beta of 0.58.

Colony Bankcorp (NASDAQ:CBAN) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $42.83 million for the quarter, compared to analysts’ expectations of $28.97 million. Colony Bankcorp had a net margin of 13.03% and a return on equity of 9.22%. During the same period in the prior year, the company posted $0.33 EPS. Equities research analysts anticipate that Colony Bankcorp will post 1.32 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a report on Wednesday, May 29th.

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.