Equities Analysts Set Expectations for Colony Bankcorp, Inc.’s FY2021 Earnings (NASDAQ:CBAN)

Colony Bankcorp, Inc. (NASDAQ:CBAN) – Research analysts at DA Davidson issued their FY2021 earnings per share estimates for Colony Bankcorp in a note issued to investors on Wednesday, January 12th. DA Davidson analyst K. Fitzsimmons forecasts that the financial services provider will post earnings per share of $2.07 for the year. DA Davidson currently has a “Buy” rating and a $21.00 price target on the stock. DA Davidson also issued estimates for Colony Bankcorp’s Q4 2021 earnings at $0.50 EPS and FY2022 earnings at $2.12 EPS.

Colony Bankcorp (NASDAQ:CBAN) last issued its quarterly earnings results on Wednesday, October 20th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.35 by $0.22. Colony Bankcorp had a return on equity of 12.85% and a net margin of 19.26%. The firm had revenue of $27.31 million during the quarter, compared to analysts’ expectations of $27.11 million.

Separately, Zacks Investment Research cut Colony Bankcorp from a “buy” rating to a “hold” rating in a report on Monday, December 27th.

CBAN opened at $18.03 on Friday. Colony Bankcorp has a 12-month low of $13.70 and a 12-month high of $19.59. The stock has a market cap of $246.54 million, a price-to-earnings ratio of 9.44 and a beta of 0.53. The business has a 50 day moving average of $17.72 and a 200-day moving average of $17.99. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.41.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC bought a new stake in Colony Bankcorp in the 2nd quarter valued at about $2,071,000. BHZ Capital Management LP bought a new position in shares of Colony Bankcorp in the third quarter valued at approximately $3,389,000. Ergoteles LLC bought a new position in shares of Colony Bankcorp in the second quarter valued at approximately $531,000. Tibra Equities Europe Ltd purchased a new position in Colony Bankcorp in the second quarter valued at approximately $263,000. Finally, Siena Capital Partners GP LLC purchased a new position in Colony Bankcorp in the third quarter valued at approximately $3,272,000. 37.42% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 17th. Shareholders of record on Wednesday, November 3rd were issued a dividend of $0.102 per share. This represents a $0.41 annualized dividend and a yield of 2.26%. The ex-dividend date was Tuesday, November 2nd. Colony Bankcorp’s payout ratio is presently 21.47%.

Colony Bankcorp Company Profile

Colony Bankcorp, Inc is a bank holding company, which engages in the stockholder and investor relations functions through its subsidiary, Colony Bank. It operates through the following segments: Banking Division; Mortgage Division; and Small Business Specialty Lending Division. The Banking Division segment offers full service financial services to include commercial loans, consumer loans and deposit accounts.

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