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

Colony Bankcorp (NASDAQ:CBAN) will be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Investors that are interested in participating in the company’s conference call can do so using this link.

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

Colony Bankcorp Trading Up 0.1 %

Shares of CBAN stock opened at $10.59 on Wednesday. The company has a market cap of $185.96 million, a P/E ratio of 8.54 and a beta of 0.53. The stock has a 50 day simple moving average of $11.11 and a two-hundred day simple moving average of $11.30. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.77 and a current ratio of 0.78. Colony Bankcorp has a fifty-two week low of $8.59 and a fifty-two week high of $13.58.

Colony Bankcorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were issued a $0.112 dividend. This is an increase from Colony Bankcorp’s previous quarterly dividend of $0.11. This represents a $0.45 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Tuesday, February 6th. Colony Bankcorp’s payout ratio is presently 36.29%.

Institutional Investors Weigh In On Colony Bankcorp

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

Analyst Upgrades and Downgrades

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

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.