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

Colony Bankcorp, Inc. (NASDAQ:CBAN) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors 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 2.96%. The ex-dividend date is Wednesday, November 6th.

Colony Bankcorp has increased its dividend by an average of 3.2% per year over the last three years. Colony Bankcorp has a payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. 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 Down 1.8 %

CBAN opened at $15.12 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.78 and a current ratio of 0.80. The company has a market cap of $265.49 million, a price-to-earnings ratio of 12.10 and a beta of 0.57. Colony Bankcorp has a one year low of $9.38 and a one year high of $16.06. The business’s fifty day moving average is $15.08 and its two-hundred day moving average is $13.18.

Colony Bankcorp (NASDAQ:CBAN) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Colony Bankcorp had a net margin of 13.03% and a return on equity of 9.09%. During the same period last year, the firm posted $0.34 EPS. Analysts anticipate that Colony Bankcorp will post 1.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th.

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.