Media headlines about Columbia Banking System (NASDAQ:COLB) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Columbia Banking System earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.1388815178996 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
COLB has been the subject of several research analyst reports. Zacks Investment Research raised Columbia Banking System from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday, October 31st. Royal Bank Of Canada reiterated a “hold” rating and set a $42.00 target price on shares of Columbia Banking System in a research report on Friday, September 8th. DA Davidson reiterated a “buy” rating and set a $48.00 target price (up from $45.00) on shares of Columbia Banking System in a research report on Tuesday, October 17th. Finally, BidaskClub downgraded Columbia Banking System from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Columbia Banking System presently has a consensus rating of “Hold” and an average target price of $45.60.
Columbia Banking System (NASDAQ:COLB) traded up $0.94 during midday trading on Monday, reaching $47.25. The company had a trading volume of 498,793 shares, compared to its average volume of 362,361. The stock has a market capitalization of $3,381.50, a P/E ratio of 21.05, a PEG ratio of 2.11 and a beta of 1.24. Columbia Banking System has a 12 month low of $35.67 and a 12 month high of $48.06.
Columbia Banking System (NASDAQ:COLB) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.18. The company had revenue of $126.00 million for the quarter, compared to the consensus estimate of $119.16 million. Columbia Banking System had a return on equity of 9.93% and a net margin of 27.72%. Columbia Banking System’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share. research analysts anticipate that Columbia Banking System will post 2.2 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, October 31st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.88 annualized dividend and a yield of 1.86%. Columbia Banking System’s dividend payout ratio (DPR) is presently 40.00%.
In related news, CAO Barry Ray sold 750 shares of Columbia Banking System stock in a transaction on Friday, December 1st. The stock was sold at an average price of $46.87, for a total transaction of $35,152.50. Following the transaction, the chief accounting officer now directly owns 11,250 shares in the company, valued at $527,287.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.23% of the stock is currently owned by insiders.
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Columbia Banking System Company Profile
Columbia Banking System, Inc (Columbia) is a bank holding company for Columbia State Bank (the Bank) and Columbia Trust Company (Columbia Trust). The Company provides a range of banking services to small and medium-sized businesses, professionals and individuals. It offers products and services, which include Personal Banking, Business Banking and Wealth Management.
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