Colony Bankcorp (CBAN) to Release Quarterly Earnings on Wednesday

Key Points

• Colony Bankcorp (NASDAQ: CBAN) is set to report its quarterly earnings on October 22, with expected earnings of $0.41 per share and revenue of $33.70 million.
• The company recently declared a quarterly dividend of $0.115 per share, which provides an annualized dividend yield of 2.7%.
• Analysts have a consensus rating of "Buy" for Colony Bankcorp, with a revised price target of $21.00, indicating expected growth.

Colony Bankcorp (NASDAQ:CBAN - Get Free Report) is expected to issue its results after the market closes on Wednesday, October 22nd. Analysts expect the company to announce earnings of $0.41 per share and revenue of $33.70 million for the quarter.

Colony Bankcorp Stock Performance

Shares of NASDAQ CBAN opened at $17.08 on Wednesday. The firm's 50-day moving average price is $16.95 and its 200-day moving average price is $16.26. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.90. The company has a market cap of $298.23 million, a PE ratio of 12.65 and a beta of 0.66. Colony Bankcorp has a 52-week low of $13.99 and a 52-week high of $18.49.

Colony Bankcorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, August 6th. Colony Bankcorp's dividend payout ratio (DPR) is presently 29.11%.

Analyst Upgrades and Downgrades

Separately, Hovde Group raised their price target on shares of Colony Bankcorp from $19.50 to $21.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Colony Bankcorp has a consensus rating of "Buy" and a consensus price target of $21.00.

Hedge Funds Weigh In On Colony Bankcorp

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its holdings in shares of Colony Bankcorp by 38.4% in the second quarter. BNP Paribas Financial Markets now owns 3,491 shares of the financial services provider's stock worth $57,000 after buying an additional 969 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Colony Bankcorp in the second quarter worth approximately $203,000. Jump Financial LLC boosted its holdings in shares of Colony Bankcorp by 35.9% in the second quarter. Jump Financial LLC now owns 14,187 shares of the financial services provider's stock worth $234,000 after buying an additional 3,750 shares during the last quarter. Invesco Ltd. purchased a new position in shares of Colony Bankcorp in the second quarter worth approximately $247,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Colony Bankcorp by 153.9% in the first quarter. AQR Capital Management LLC now owns 28,466 shares of the financial services provider's stock worth $460,000 after buying an additional 17,253 shares during the last quarter. Hedge funds and other institutional investors own 50.37% of the company's stock.

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 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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