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

Colony Bankcorp (NASDAQ:CBAN) released its earnings results on Wednesday. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01, RTT News reports. Colony Bankcorp had a return on equity of 9.09% and a net margin of 13.03%. The business had revenue of $44.69 million during the quarter, compared to analysts’ expectations of $28.67 million. During the same quarter last year, the firm posted $0.34 earnings per share.

Colony Bankcorp Stock Down 1.8 %

Colony Bankcorp stock traded down $0.27 during mid-day trading on Friday, reaching $14.85. The 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 fifty-two week low of $9.46 and a fifty-two week high of $16.06. The stock’s 50-day simple moving average is $15.08 and its 200-day simple moving average is $13.18. The firm has a market capitalization of $260.75 million, a PE ratio of 12.10 and a beta of 0.57.

Colony Bankcorp Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.