Colony Bankcorp, Inc. (CBAN) To Go Ex-Dividend on February 5th

Colony Bankcorp, Inc. (NASDAQ:CBAN) declared a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Shareholders of record on Wednesday, February 5th will be given a dividend of 0.115 per share by the financial services provider on Wednesday, February 19th. This represents a $0.46 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, February 5th. This is a positive change from Colony Bankcorp’s previous quarterly dividend of $0.11.

Colony Bankcorp has raised its dividend payment by an average of 3.2% per year over the last three years.

Colony Bankcorp Stock Down 0.3 %

CBAN opened at $16.86 on Monday. 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 stock has a market cap of $295.39 million, a price-to-earnings ratio of 11.54 and a beta of 0.62. Colony Bankcorp has a twelve month low of $10.33 and a twelve month high of $18.49. The company’s 50-day moving average price is $16.56 and its two-hundred day moving average price is $15.63.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Colony Bankcorp from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th.

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.