Colony Bankcorp (NASDAQ:CBAN) released its quarterly earnings results on Thursday. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.11, MarketWatch Earnings reports. Colony Bankcorp had a net margin of 11.20% and a return on equity of 7.89%.
Shares of CBAN opened at $12.23 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.25. The stock has a market cap of $116.17 million, a P/E ratio of 12.74 and a beta of 0.61. The business’s 50 day moving average price is $10.75 and its 200-day moving average price is $11.22. Colony Bankcorp has a 52 week low of $8.70 and a 52 week high of $16.50.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, October 29th.
Separately, ValuEngine downgraded shares of Colony Bankcorp from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd.
Colony Bankcorp Company Profile
Colony Bankcorp, Inc operates as the bank holding company for Colony Bank that provides various banking products and services to commercial and retail customers. It offers various deposit products, including demand, savings, and time deposits. The company 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.
See Also: Google Finance Portfolio Tips and Tricks
Receive News & Ratings for Colony Bankcorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colony Bankcorp and related companies with MarketBeat.com's FREE daily email newsletter.