Colony Bankcorp, Inc. (NYSE:CBAN) Shareholders to Collect $0.12 Quarterly Dividend

Colony Bankcorp, Inc. (NYSE:CBAN – Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Wednesday, November 11th will be given a dividend of $0.12 per share on Wednesday, November 25th. This represents a $0.48 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, November 11th.

Colony Bankcorp Stock Performance

Colony Bankcorp stock opened at $20.27 on Thursday. Colony Bankcorp has a 12-month low of $15.80 and a 12-month 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 business’s 50-day moving average price is $20.70 and its two-hundred day moving average price is $20.36. The stock has a market cap of $430.13 million, a PE ratio of 12.28 and a beta of 0.56.

Colony Bankcorp (NYSE:CBAN – Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Colony Bankcorp had a net margin of 15.42% and a return on equity of 10.40%. The firm had revenue of $42.72 million during the quarter, compared to analysts’ expectations of $41.20 million. As a group, analysts expect that Colony Bankcorp will post 2.00 earnings per share for the current fiscal year.

Insider Transactions at Colony Bankcorp

In related news, insider Edward Canup bought 2,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were purchased at an average cost of $21.62 per share, with a total value of $43,240.00. Following the acquisition, the insider owned 39,702 shares of the company’s stock, valued at $858,357.24. This represents a 5.30% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders acquired 5,000 shares of company stock worth $107,690. 3.92% of the stock is owned by company insiders.

Hedge Funds Weigh In On Colony Bankcorp

Hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its position in shares of Colony Bankcorp by 75.5% during the 3rd 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 period. PNC Financial Services Group Inc. raised its stake in Colony Bankcorp by 15.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,694 shares of the company’s stock worth $174,000 after buying an additional 1,146 shares during the period. Allen Mooney & Barnes Investment Advisors LLC raised its stake in Colony Bankcorp by 2.6% during the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 57,904 shares of the company’s stock worth $1,163,000 after buying an additional 1,474 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in Colony Bankcorp by 49.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,500 shares of the company’s stock worth $80,000 after acquiring an additional 1,494 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in Colony Bankcorp in the second quarter worth approximately $42,000. 50.37% of the stock is currently owned by institutional investors.

About Colony Bankcorp

(Get Free Report)

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.

Further Reading

Dividend History for Colony Bankcorp (NYSE:CBAN)

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