Colony Bankcorp, Inc. (NYSE:CBAN) Declares $0.12 Quarterly Dividend

Colony Bankcorp, Inc. (NYSE:CBAN) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Wednesday, August 5th will be paid a dividend of 0.12 per share on Wednesday, August 19th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, August 5th.

Colony Bankcorp has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 7 consecutive years.

Colony Bankcorp Stock Performance

Shares of CBAN stock opened at $20.56 on Thursday. Colony Bankcorp has a 12-month low of $15.80 and a 12-month high of $21.61. The firm has a market capitalization of $435.05 million, a price-to-earnings ratio of 12.85 and a beta of 0.56. The business has a 50 day simple moving average of $20.24 and a 200 day simple moving average of $19.93. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.89 and a quick ratio of 0.88.

Colony Bankcorp (NYSE:CBAN) last posted its earnings results on Wednesday, July 22nd. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $42.03 million for the quarter, compared to analysts’ expectations of $40.90 million. Colony Bankcorp had a return on equity of 10.23% and a net margin of 14.83%. On average, equities research analysts anticipate that Colony Bankcorp will post 1.92 EPS for the current year.

Institutional Investors Weigh In On Colony Bankcorp

A number of institutional investors have recently added to or reduced their stakes in CBAN. Public Employees Retirement System of Ohio bought a new position in Colony Bankcorp during the 3rd quarter valued at $44,000. BNP Paribas Financial Markets lifted its holdings in shares of Colony Bankcorp by 38.4% in the second quarter. BNP Paribas Financial Markets now owns 3,491 shares of the company’s stock valued at $57,000 after buying an additional 969 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Colony Bankcorp by 83.0% in the third quarter. Russell Investments Group Ltd. now owns 3,593 shares of the company’s stock valued at $61,000 after buying an additional 1,630 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Colony Bankcorp by 49.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock valued at $80,000 after buying an additional 1,494 shares during the period. Finally, NewEdge Advisors LLC bought a new position in Colony Bankcorp during the first quarter valued at about $89,000. 50.37% of the stock is currently owned by institutional investors and hedge funds.

About Colony Bankcorp

Colony Bankcorp, Inc is a bank holding company headquartered in Baxley, Georgia, that operates through its primary subsidiary, The Colony Bank. The company’s core focus is on delivering community banking services tailored to individuals, small businesses and agricultural customers throughout Georgia and Florida. Colony Bankcorp’s structure supports a full suite of deposit and lending solutions designed to meet the needs of local markets.

The company offers a range of deposit products, including personal and business checking accounts, savings and money market accounts, and certificates of deposit.