Colony Bankcorp (NASDAQ:CBAN - Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, April 24th. Investors interested in listening to the company's conference call can do so using this link.
Colony Bankcorp (NASDAQ:CBAN - Get Free Report) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. The company had revenue of $28.18 million during the quarter. Colony Bankcorp had a net margin of 13.55% and a return on equity of 9.32%.
Colony Bankcorp Stock Performance
Shares of Colony Bankcorp stock traded down $0.06 during trading on Wednesday, reaching $10.53. The company's stock had a trading volume of 15,840 shares, compared to its average volume of 39,315. Colony Bankcorp has a one year low of $8.59 and a one year high of $13.58. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.77 and a current ratio of 0.78. The firm has a market cap of $184.91 million, a price-to-earnings ratio of 8.49 and a beta of 0.53. The business's fifty day moving average price is $11.09 and its 200-day moving average price is $11.29.
Colony Bankcorp Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were paid a $0.112 dividend. This represents a $0.45 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend was Tuesday, February 6th. This is a boost from Colony Bankcorp's previous quarterly dividend of $0.11. Colony Bankcorp's dividend payout ratio (DPR) is presently 36.29%.
Institutional Trading of Colony Bankcorp
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new stake in shares of Colony Bankcorp in the 1st quarter valued at $6,442,000. The Manufacturers Life Insurance Company acquired a new position in Colony Bankcorp in the first quarter valued at about $4,937,000. Vanguard Group Inc. boosted its position in Colony Bankcorp by 44.3% in the first quarter. Vanguard Group Inc. now owns 666,900 shares of the financial services provider's stock valued at $12,451,000 after buying an additional 204,590 shares in the last quarter. BlackRock Inc. grew its stake in Colony Bankcorp by 17.3% during the second quarter. BlackRock Inc. now owns 1,244,245 shares of the financial services provider's stock worth $11,721,000 after buying an additional 183,570 shares during the last quarter. Finally, EJF Capital LLC acquired a new stake in shares of Colony Bankcorp during the first quarter worth approximately $2,801,000. Institutional investors own 50.37% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com downgraded Colony Bankcorp from a "buy" rating to a "hold" rating in a research report on Tuesday, February 6th.
View Our Latest Report on Colony Bankcorp
About Colony Bankcorp
(
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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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