Colony Bankcorp (NASDAQ:CBAN) Announces Earnings Results, Beats Estimates By $0.01 EPS

Colony Bankcorp (NASDAQ:CBAN) announced its earnings results on Wednesday. The financial services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01, RTT News reports. Colony Bankcorp had a return on equity of 9.09% and a net margin of 13.03%. The company had revenue of $44.69 million during the quarter, compared to analysts’ expectations of $28.67 million. During the same period last year, the business posted $0.34 EPS.

Colony Bankcorp Trading Down 1.8 %

Colony Bankcorp stock traded down $0.27 during midday trading on Friday, reaching $14.85. 16,532 shares of the stock traded hands, compared to its average volume of 41,322. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 1.01. The firm has a market cap of $260.75 million, a PE ratio of 12.10 and a beta of 0.57. The company has a 50-day simple moving average of $15.08 and a two-hundred day simple moving average of $13.18. Colony Bankcorp has a 12-month low of $9.46 and a 12-month high of $16.06.

Colony Bankcorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be issued a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Wednesday, November 6th. Colony Bankcorp’s dividend payout ratio (DPR) is 36.00%.

Wall Street Analyst Weigh In

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

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.