Columbia Banking System Inc (NASDAQ:COLB) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Investors of record on Wednesday, November 6th will be paid a dividend of 0.28 per share by the financial services provider on Wednesday, November 20th. This represents a $1.12 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Tuesday, November 5th.
Shares of COLB opened at $39.96 on Friday. Columbia Banking System has a 52 week low of $30.65 and a 52 week high of $41.05. The company’s 50 day moving average price is $37.17 and its 200 day moving average price is $35.91. The company has a market capitalization of $2.87 billion, a PE ratio of 16.18 and a beta of 1.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.83 and a current ratio of 0.83.
Columbia Banking System (NASDAQ:COLB) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.09. Columbia Banking System had a net margin of 31.02% and a return on equity of 9.21%. The business had revenue of $150.48 million for the quarter, compared to analyst estimates of $146.70 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. On average, equities analysts forecast that Columbia Banking System will post 2.6 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the stock. Stephens reaffirmed a “hold” rating and set a $38.00 target price on shares of Columbia Banking System in a research report on Thursday, October 24th. Royal Bank of Canada set a $40.00 target price on shares of Columbia Banking System and gave the stock a “hold” rating in a research report on Friday, October 25th. BidaskClub raised shares of Columbia Banking System from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Zacks Investment Research lowered shares of Columbia Banking System from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Finally, ValuEngine raised shares of Columbia Banking System from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Columbia Banking System has a consensus rating of “Hold” and an average price target of $40.80.
Columbia Banking System Company Profile
Columbia Banking System, Inc operates as the bank holding company for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals, and individuals in Washington, Oregon, and Idaho. It offers personal banking products and services, including noninterest and interest-bearing checking, saving, money market, and certificate of deposit accounts; home mortgages for purchases and refinances, home equity loans and lines of credit, and personal loans; debit and credit cards; and digital banking services.
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