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

Colony Bankcorp, Inc. (NASDAQ:CBAN) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Investors 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 dividend on an annualized basis 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 by an average of 3.2% annually over the last three years.

Colony Bankcorp Price Performance

CBAN traded up $1.26 during trading on Thursday, reaching $16.96. The stock had a trading volume of 105,808 shares, compared to its average volume of 52,301. The stock has a 50 day moving average of $16.58 and a two-hundred day moving average of $15.42. Colony Bankcorp has a 1-year low of $10.33 and a 1-year high of $18.49. The firm has a market capitalization of $297.31 million, a price-to-earnings 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 (NASDAQ:CBAN) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Colony Bankcorp had a return on equity of 8.86% and a net margin of 12.75%. The company had revenue of $44.69 million during the quarter, compared to the consensus estimate of $28.67 million. During the same quarter in the prior year, the firm earned $0.34 EPS. As a group, equities analysts anticipate that Colony Bankcorp will post 1.38 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a research report 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.