Colony Bankcorp, Inc. (NYSE:CBAN) Declares Quarterly Dividend of $0.12

Colony Bankcorp, Inc. (NYSE:CBAN) announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Wednesday, November 11th will be paid a dividend of $0.12 per share on Wednesday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, November 10th.

Colony Bankcorp Trading Down 0.6%

Shares of NYSE:CBAN opened at $20.27 on Thursday. Colony Bankcorp has a fifty-two week low of $15.80 and a fifty-two week high of $22.46. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The company has a market cap of $430.13 million, a PE ratio of 12.28 and a beta of 0.56. The company’s 50-day moving average price is $20.70 and its 200 day moving average price is $20.36.

Colony Bankcorp (NYSE:CBAN) last announced its earnings results on Wednesday, October 28th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%. The company had revenue of $42.72 million during the quarter, compared to analysts’ expectations of $41.20 million. Sell-side analysts anticipate that Colony Bankcorp will post 2.00 earnings per share for the current year.

Insiders Place Their Bets

In other Colony Bankcorp news, insider Edward Canup purchased 2,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were bought at an average price of $21.62 per share, for a total transaction of $43,240.00. Following the completion of the transaction, the insider owned 39,702 shares of the company’s stock, valued at $858,357.24. This trade represents a 5.30% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders purchased 5,000 shares of company stock worth $107,690 over the last quarter. Insiders own 3.92% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CBAN. State of Wyoming acquired a new stake in shares of Colony Bankcorp during the third quarter worth $202,000. State of Alaska Department of Revenue raised its stake in shares of Colony Bankcorp by 75.5% during the third quarter. State of Alaska Department of Revenue now owns 1,783 shares of the company’s stock valued at $35,000 after acquiring an additional 767 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Colony Bankcorp in the second quarter valued at approximately $939,000. Squarepoint Ops LLC bought a new stake in Colony Bankcorp during the second quarter valued at $286,000. Finally, Allen Mooney & Barnes Investment Advisors LLC increased its holdings in Colony Bankcorp by 2.6% in the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 57,904 shares of the company’s stock worth $1,163,000 after purchasing an additional 1,474 shares in the last quarter. 50.37% of the stock is owned by hedge funds and other institutional investors.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc is a bank holding company headquartered in Fitzgerald, Georgia. Through its wholly owned subsidiary, Colony Bank, the company provides banking and financial services to individuals, families, businesses and institutions. Colony Bank has roots dating to 1935 and operates as a community-focused financial institution serving markets across Georgia and neighboring areas.

The bank offers a range of personal and business deposit accounts, consumer and commercial loans, mortgage lending, treasury management and other banking services.