Colony Bankcorp, Inc. (NASDAQ:CBAN) declared a quarterly dividend on Thursday, October 15th, Zacks reports. Investors of record on Friday, October 30th will be paid a dividend of 0.10 per share by the financial services provider on Friday, November 13th. This represents a $0.40 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, October 29th.
Shares of Colony Bankcorp stock opened at $12.23 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25. The company’s fifty day simple moving average is $10.75 and its two-hundred day simple moving average is $11.22. The company has a market cap of $116.17 million, a P/E ratio of 12.74 and a beta of 0.61. Colony Bankcorp has a 12-month low of $8.70 and a 12-month high of $16.50.
Colony Bankcorp (NASDAQ:CBAN) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.11. Colony Bankcorp had a net margin of 11.20% and a return on equity of 7.89%.
Separately, ValuEngine cut shares of Colony Bankcorp from a “hold” rating to a “sell” rating in a report on Monday, August 3rd.
In other news, VP Lee Bagwell purchased 2,597 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were bought at an average price of $11.13 per share, for a total transaction of $28,904.61. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Meagan M. Mowry purchased 3,245 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was purchased at an average price of $11.08 per share, for a total transaction of $35,954.60. Following the purchase, the director now owns 3,245 shares in the company, valued at $35,954.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 7,442 shares of company stock worth $82,524. Company insiders own 7.22% of the company’s stock.
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 retail customers. It offers various deposit products, including demand, savings, and time deposits. The company 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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