Equities Analysts Set Expectations for Colony Bankcorp, Inc.’s FY2021 Earnings (NASDAQ:CBAN)

Colony Bankcorp, Inc. (NASDAQ:CBAN) – Investment analysts at DA Davidson issued their FY2021 EPS estimates for shares of Colony Bankcorp in a research note issued on Wednesday, January 12th. DA Davidson analyst K. Fitzsimmons expects that the financial services provider will post earnings of $2.07 per share for the year. DA Davidson currently has a “Buy” rating and a $21.00 target price on the stock. DA Davidson also issued estimates for Colony Bankcorp’s Q4 2021 earnings at $0.50 EPS and FY2022 earnings at $2.12 EPS.

Separately, Zacks Investment Research cut shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Monday, December 27th.

Colony Bankcorp stock opened at $18.03 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.67 and a current ratio of 0.68. The company has a market capitalization of $246.54 million, a price-to-earnings ratio of 9.44 and a beta of 0.53. The company’s 50 day simple moving average is $17.72 and its 200-day simple moving average is $17.99. Colony Bankcorp has a 1 year low of $13.70 and a 1 year high of $19.59.

Colony Bankcorp (NASDAQ:CBAN) last posted its quarterly earnings results on Wednesday, October 20th. The financial services provider reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.22. Colony Bankcorp had a net margin of 19.26% and a return on equity of 12.85%. The firm had revenue of $27.31 million for the quarter, compared to the consensus estimate of $27.11 million.

Large investors have recently bought and sold shares of the company. Millennium Management LLC acquired a new position in shares of Colony Bankcorp during the 2nd quarter worth $2,071,000. BHZ Capital Management LP acquired a new stake in shares of Colony Bankcorp during the 3rd quarter worth about $3,389,000. Ergoteles LLC acquired a new stake in shares of Colony Bankcorp during the 2nd quarter worth about $531,000. Tibra Equities Europe Ltd acquired a new stake in shares of Colony Bankcorp during the 2nd quarter worth about $263,000. Finally, Siena Capital Partners GP LLC acquired a new stake in shares of Colony Bankcorp during the 3rd quarter worth about $3,272,000. 37.42% of the stock is currently owned by institutional investors and hedge funds.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 17th. Shareholders of record on Wednesday, November 3rd were given a dividend of $0.102 per share. The ex-dividend date of this dividend was Tuesday, November 2nd. This represents a $0.41 dividend on an annualized basis and a yield of 2.26%. Colony Bankcorp’s payout ratio is currently 21.47%.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc is a bank holding company, which engages in the stockholder and investor relations functions through its subsidiary, Colony Bank. It operates through the following segments: Banking Division; Mortgage Division; and Small Business Specialty Lending Division. The Banking Division segment offers full service financial services to include commercial loans, consumer loans and deposit accounts.

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