Colony Bankcorp, Inc. (NASDAQ:CBAN – Get Free Report) declared a quarterly dividend on Wednesday, July 24th, Zacks reports. Stockholders of record on Wednesday, August 7th will be given a dividend of 0.112 per share by the financial services provider on Wednesday, August 21st. This represents a $0.45 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Wednesday, August 7th.
Colony Bankcorp has raised its dividend payment by an average of 3.2% annually over the last three years. Colony Bankcorp has a payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Colony Bankcorp to earn $1.45 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 31.0%.
Colony Bankcorp Stock Performance
Shares of CBAN opened at $14.16 on Friday. The firm has a market capitalization of $248.65 million, a P/E ratio of 11.33 and a beta of 0.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.78 and a quick ratio of 0.77. Colony Bankcorp has a one year low of $9.35 and a one year high of $14.38. The business has a fifty day moving average of $12.28 and a 200 day moving average of $11.74.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a research report on Wednesday, May 29th.
Check Out Our Latest Report on Colony Bankcorp
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.
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