Colony Bankcorp, Inc. (CBAN) To Go Ex-Dividend on November 6th

Colony Bankcorp, Inc. (NASDAQ:CBAN) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Wednesday, November 6th will be paid 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 2.98%. The ex-dividend date is Wednesday, November 6th.

Colony Bankcorp has raised its dividend payment by an average of 3.2% per year over the last three years. Colony Bankcorp has a payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings. Research 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 1.2 %

Shares of NASDAQ CBAN opened at $15.03 on Monday. The stock has a market capitalization of $264.38 million, a P/E ratio of 12.02 and a beta of 0.57. The stock’s fifty day moving average is $15.17 and its 200 day moving average is $13.38. Colony Bankcorp has a 52 week low of $9.89 and a 52 week high of $16.06. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.78 and a current ratio of 0.80.

Colony Bankcorp (NASDAQ:CBAN) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Colony Bankcorp had a net margin of 12.75% and a return on equity of 9.00%. The firm had revenue of $44.69 million for the quarter, compared to analyst estimates of $28.67 million. During the same period last year, the firm earned $0.34 EPS. Sell-side analysts forecast that Colony Bankcorp will post 1.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Colony Bankcorp from a “buy” rating to a “hold” rating in a research note 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.