Colony Bankcorp (CBAN) to Release Quarterly Earnings on Wednesday

Colony Bankcorp (NASDAQ:CBAN) will likely be issuing its quarterly earnings data after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.32 per share and revenue of $28,900.00 billion for the quarter.

Colony Bankcorp (NASDAQ:CBAN) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Colony Bankcorp had a return on equity of 8.86% and a net margin of 12.75%. The business had revenue of $44.69 million for the quarter, compared to the consensus estimate of $28.67 million. During the same quarter in the previous year, the business earned $0.34 EPS. On average, analysts expect Colony Bankcorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Colony Bankcorp Stock Performance

Shares of NASDAQ:CBAN traded up $0.44 during trading on Wednesday, hitting $15.62. The stock had a trading volume of 49,947 shares, compared to its average volume of 38,672. 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 12-month low of $10.33 and a 12-month high of $18.49. The stock has a market capitalization of $273.77 million, a price-to-earnings ratio of 12.50 and a beta of 0.62. The stock has a 50-day simple moving average of $16.75 and a two-hundred day simple moving average of $15.29.

Colony Bankcorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were given a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Wednesday, November 6th. Colony Bankcorp’s dividend payout ratio is presently 36.00%.

Analyst Upgrades and Downgrades

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

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.