Colony Bankcorp (CBAN) Scheduled to Post Quarterly Earnings on Wednesday

Colony Bankcorp (NASDAQ:CBAN) will release its earnings data after the market closes on Wednesday, April 24th. Persons interested in listening to the company’s earnings conference call can do so using this link.

Colony Bankcorp (NASDAQ:CBAN) last posted its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. Colony Bankcorp had a return on equity of 9.32% and a net margin of 13.55%. The company had revenue of $28.18 million for the quarter.

Colony Bankcorp Trading Up 0.1 %

CBAN stock opened at $10.59 on Wednesday. The stock has a market cap of $185.96 million, a price-to-earnings ratio of 8.54 and a beta of 0.53. The business’s 50-day moving average is $11.11 and its 200 day moving average is $11.30. Colony Bankcorp has a 12-month low of $8.59 and a 12-month high of $13.58. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.94.

Colony Bankcorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.112 per share. This is a boost from Colony Bankcorp’s previous quarterly dividend of $0.11. This represents a $0.45 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Tuesday, February 6th. Colony Bankcorp’s payout ratio is currently 36.29%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th.

Institutional Trading of Colony Bankcorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. raised its position in Colony Bankcorp by 172.2% in the first quarter. Advisor Group Holdings Inc. now owns 1,508 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 954 shares during the period. BNP Paribas Arbitrage SA acquired a new position in shares of Colony Bankcorp in the second quarter worth $62,000. Royal Bank of Canada grew its stake in shares of Colony Bankcorp by 5,594.9% in the first quarter. Royal Bank of Canada now owns 4,499 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 4,420 shares in the last quarter. UBS Group AG acquired a new position in shares of Colony Bankcorp in the fourth quarter worth $60,000. Finally, BNP Paribas Arbitrage SNC grew its stake in shares of Colony Bankcorp by 27.5% in the third quarter. BNP Paribas Arbitrage SNC now owns 5,274 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 1,137 shares in the last quarter. Hedge funds and other institutional investors own 50.37% 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 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.