Somewhat Favorable News Coverage Somewhat Unlikely to Affect Columbia Banking System (COLB) Stock Price

Media headlines about Columbia Banking System (NASDAQ:COLB) have trended somewhat positive on Friday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. 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 0.21 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.982720975342 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Columbia Banking System (NASDAQ:COLB) opened at $43.10 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $3,226.85, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.58 and a beta of 1.10. Columbia Banking System has a 1 year low of $35.67 and a 1 year high of $48.06.

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Columbia Banking System (NASDAQ:COLB) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). The business had revenue of $135.40 million during the quarter, compared to the consensus estimate of $135.15 million. Columbia Banking System had a return on equity of 9.14% and a net margin of 23.29%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 earnings per share. equities analysts anticipate that Columbia Banking System will post 2.8 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Tuesday, February 6th. Columbia Banking System’s dividend payout ratio is currently 46.32%.

A number of research analysts recently weighed in on COLB shares. Royal Bank of Canada reissued a “hold” rating and issued a $46.00 price objective on shares of Columbia Banking System in a research note on Friday, January 26th. Piper Jaffray Companies reissued a “buy” rating and issued a $53.00 price objective on shares of Columbia Banking System in a research note on Tuesday, January 9th. BidaskClub downgraded Columbia Banking System from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Zacks Investment Research downgraded Columbia Banking System from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Finally, Sandler O’Neill reissued a “hold” rating and issued a $48.00 price objective on shares of Columbia Banking System in a research note on Friday, January 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $48.00.

In other Columbia Banking System news, CFO Clint Stein sold 2,300 shares of Columbia Banking System stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $44.16, for a total value of $101,568.00. Following the transaction, the chief financial officer now directly owns 26,610 shares of the company’s stock, valued at approximately $1,175,097.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.23% of the company’s stock.

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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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