Columbia Banking System (NASDAQ:COLB) is set to announce its earnings results before the market opens on Wednesday, April 25th. Analysts expect the company to announce earnings of $0.63 per share for the quarter.
Columbia Banking System (NASDAQ:COLB) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.54 earnings per share 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 company had revenue of $135.40 million for the quarter, compared to the consensus estimate of $135.15 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Columbia Banking System’s revenue for the quarter was up 25.3% compared to the same quarter last year. On average, analysts expect Columbia Banking System to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NASDAQ COLB opened at $43.36 on Wednesday. Columbia Banking System has a fifty-two week low of $35.67 and a fifty-two week high of $48.06. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.02. The stock has a market cap of $3,157.47, a P/E ratio of 19.80, a P/E/G ratio of 1.54 and a beta of 1.05.
In other Columbia Banking System news, CFO Clint Stein sold 2,300 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $44.16, for a total value of $101,568.00. Following the sale, the chief financial officer now directly owns 26,610 shares in the company, valued at $1,175,097.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.23% of the stock is currently owned by insiders.
A number of equities research analysts recently weighed in on COLB shares. BidaskClub cut shares of Columbia Banking System from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Zacks Investment Research cut shares of Columbia Banking System from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Piper Jaffray reiterated a “buy” rating and issued a $53.00 price target on shares of Columbia Banking System in a research report on Tuesday, January 9th. Royal Bank of Canada reiterated a “hold” rating and issued a $46.00 price target on shares of Columbia Banking System in a research report on Friday, January 26th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $48.00 price target on shares of Columbia Banking System in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $47.33.
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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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