Colony Bankcorp, Inc. (NASDAQ:CBAN) Expected to Post Q2 2022 Earnings of $0.36 Per Share

Colony Bankcorp, Inc. (NASDAQ:CBANGet Rating) – Equities research analysts at DA Davidson issued their Q2 2022 earnings estimates for Colony Bankcorp in a research report issued on Tuesday, April 26th. DA Davidson analyst K. Fitzsimmons anticipates that the financial services provider will post earnings per share of $0.36 for the quarter. DA Davidson has a “Buy” rating and a $21.00 price target on the stock. DA Davidson also issued estimates for Colony Bankcorp’s FY2022 earnings at $1.54 EPS and FY2023 earnings at $1.78 EPS.

Several other research analysts also recently issued reports on CBAN. initiated coverage on Colony Bankcorp in a research note on Saturday, March 26th. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th.

Colony Bankcorp stock opened at $17.08 on Thursday. The business has a 50 day moving average of $18.21 and a 200-day moving average of $18.02. Colony Bankcorp has a 1 year low of $15.13 and a 1 year high of $19.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.66 and a quick ratio of 0.64. The company has a market capitalization of $300.37 million, a P/E ratio of 11.31 and a beta of 0.49.

Colony Bankcorp (NASDAQ:CBANGet Rating) last posted its earnings results on Thursday, April 21st. The financial services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Colony Bankcorp had a return on equity of 11.87% and a net margin of 16.92%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 20th. Stockholders of record on Friday, May 6th will be paid a dividend of $0.108 per share. This represents a $0.43 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Thursday, May 5th. Colony Bankcorp’s dividend payout ratio (DPR) is presently 28.48%.

In other Colony Bankcorp news, Vice Chairman Brian D. Schmitt bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 8th. The shares were bought at an average price of $16.50 per share, with a total value of $82,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director M Frederick Dwozan acquired 6,500 shares of Colony Bankcorp stock in a transaction on Tuesday, February 8th. The stock was purchased at an average cost of $16.50 per share, for a total transaction of $107,250.00. The disclosure for this purchase can be found here. In the last three months, insiders have bought 18,560 shares of company stock valued at $306,359. Insiders own 10.31% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of CBAN. Royal Bank of Canada lifted its position in shares of Colony Bankcorp by 283.4% in the second quarter. Royal Bank of Canada now owns 2,699 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 1,995 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Colony Bankcorp during the 3rd quarter worth about $49,000. Morgan Stanley increased its position in shares of Colony Bankcorp by 10.0% during the third quarter. Morgan Stanley now owns 15,604 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 1,420 shares in the last quarter. Susquehanna International Group LLP acquired a new position in Colony Bankcorp in the 4th quarter valued at about $318,000. Finally, Northern Trust Corp increased its position in Colony Bankcorp by 3.9% during the 4th quarter. Northern Trust Corp now owns 24,321 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 916 shares during the period. Hedge funds and other institutional investors own 37.04% of the company’s stock.

Colony Bankcorp Company Profile (Get Rating)

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 various 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.

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