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

Colony Bankcorp (NASDAQ:CBAN) released its quarterly 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 company had revenue of $44.69 million during the quarter, compared to analyst estimates of $28.67 million. During the same quarter last year, the business posted $0.34 earnings per share.

Colony Bankcorp Trading Down 1.3 %

Shares of Colony Bankcorp stock traded down $0.20 during trading on Friday, hitting $14.92. The stock had a trading volume of 6,949 shares, compared to its average volume of 41,275. Colony Bankcorp has a 12 month low of $9.46 and a 12 month high of $16.06. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.80 and a quick ratio of 0.78. The firm’s fifty day simple moving average is $15.08 and its 200-day simple moving average is $13.18. The stock has a market cap of $261.98 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 given a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Wednesday, November 6th. Colony Bankcorp’s dividend payout ratio (DPR) is 36.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Colony Bankcorp from a “buy” rating to a “hold” rating in a report 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.