Colony Bankcorp, Inc. (NASDAQ:CBAN) to Issue Quarterly Dividend of $0.11

Colony Bankcorp, Inc. (NASDAQ:CBAN) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Stockholders of record on Wednesday, May 8th will be given a dividend of 0.112 per share by the financial services provider on Wednesday, May 22nd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Tuesday, May 7th.

Colony Bankcorp has raised its dividend by an average of 3.2% per year over the last three years and has raised its dividend every year for the last 7 years. Colony Bankcorp has a payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings.

Colony Bankcorp Stock Up 0.8 %

CBAN opened at $10.85 on Friday. The company has a fifty day moving average price of $11.02 and a 200-day moving average price of $11.32. The firm has a market capitalization of $190.53 million, a P/E ratio of 8.68 and a beta of 0.53. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.78 and a quick ratio of 0.77. Colony Bankcorp has a one year low of $8.59 and a one year high of $13.58.

Colony Bankcorp (NASDAQ:CBAN) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. Colony Bankcorp had a net margin of 13.17% and a return on equity of 9.37%. The company had revenue of $28.18 million during the quarter.

Wall Street Analysts Forecast Growth

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

About Colony Bankcorp

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.