Colony Bankcorp (NASDAQ:CBAN) Posts Earnings Results, Beats Expectations By $0.01 EPS

Colony Bankcorp (NASDAQ:CBAN) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01, RTT News reports. The firm had revenue of $44.69 million for the quarter, compared to the consensus estimate of $28.67 million. Colony Bankcorp had a net margin of 13.03% and a return on equity of 9.09%. During the same period in the prior year, the firm posted $0.34 EPS.

Colony Bankcorp Stock Performance

Shares of NASDAQ CBAN traded down $0.27 during midday trading on Friday, hitting $14.85. The company’s stock had a trading volume of 16,532 shares, compared to its average volume of 41,322. 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 has a 1-year low of $9.46 and a 1-year high of $16.06. The firm’s fifty day moving average price is $15.09 and its 200-day moving average price is $13.21. The firm has a market cap of $260.75 million, a P/E ratio of 11.88 and a beta of 0.57.

Colony Bankcorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be issued a $0.112 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.02%. Colony Bankcorp’s dividend payout ratio (DPR) is 36.00%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th.

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.