Press coverage about Colony Bankcorp (NASDAQ:CBAN) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Colony Bankcorp earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.5320501292861 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Colony Bankcorp (CBAN) remained flat at $13.30 during trading on Friday. 5,653 shares of the stock traded hands. The firm has a 50 day moving average of $13.70 and a 200 day moving average of $13.69. Colony Bankcorp has a 52 week low of $9.45 and a 52 week high of $14.55. The company has a market capitalization of $112.24 million, a price-to-earnings ratio of 14.15 and a beta of 0.99.
Colony Bankcorp (NASDAQ:CBAN) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.28 EPS for the quarter. The business had revenue of $12.21 million during the quarter. Colony Bankcorp had a net margin of 16.40% and a return on equity of 10.42%.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Wednesday, August 30th. Colony Bankcorp’s payout ratio is 10.64%.
Separately, ValuEngine lowered shares of Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Thursday, July 6th.
In other Colony Bankcorp news, insider Terry L. Hester sold 2,500 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $13.90, for a total transaction of $34,750.00. Following the completion of the sale, the insider now directly owns 112,373 shares of the company’s stock, valued at $1,561,984.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 13.07% of the company’s stock.
About Colony Bankcorp
Colony Bankcorp, Inc (Colony) is a bank holding company. The Company operates through its subsidiary, Colony Bank (the Bank). The Bank offers traditional banking products and services to commercial and consumer customers in its markets. The Bank’s product line includes 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, consumer loans and a range of demand, savings and time deposit products, among others.
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