Headlines about Columbia Banking System (NASDAQ:COLB) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Columbia Banking System earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.627368066926 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
Columbia Banking System (NASDAQ COLB) traded up $0.14 during midday trading on Monday, reaching $41.66. The company had a trading volume of 189,602 shares, compared to its average volume of 272,276. The firm has a market cap of $3,031.79, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.48 and a beta of 1.11. Columbia Banking System has a 12 month low of $35.67 and a 12 month high of $48.06. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.02.
Columbia Banking System (NASDAQ:COLB) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Columbia Banking System had a net margin of 23.29% and a return on equity of 9.14%. The firm had revenue of $135.40 million for the quarter, compared to analyst estimates of $135.15 million. During the same period in the previous year, the company earned $0.53 EPS. Columbia Banking System’s revenue was up 25.3% compared to the same quarter last year. equities analysts anticipate that Columbia Banking System will post 2.8 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, February 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.11%. Columbia Banking System’s payout ratio is currently 46.32%.
Several research firms have recently commented on COLB. Zacks Investment Research lowered Columbia Banking System from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Piper Jaffray Companies set a $52.00 price target on Columbia Banking System and gave the stock a “buy” rating in a research report on Tuesday, January 30th. BidaskClub upgraded Columbia Banking System from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Sandler O’Neill restated a “hold” rating and set a $48.00 target price on shares of Columbia Banking System in a research note on Friday, January 26th. Finally, Royal Bank of Canada restated a “hold” rating and set a $46.00 target price on shares of Columbia Banking System in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.00.
In other news, CAO Barry Ray sold 750 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $46.87, for a total value of $35,152.50. Following the completion of the sale, 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 owned by corporate insiders.
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About Columbia Banking System
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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