Columbia Banking System Inc. Plans Quarterly Dividend of $0.11 (COLB)
Columbia Banking System (NASDAQ:COLB) declared a quarterly dividend on Thursday, October 24th, AnalystRatingsNetwork reports. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.11 per share on Wednesday, November 20th. This represents a $0.44 dividend on an annualized basis and a yield of 1.74%.
On the ratings front, analysts at Keefe, Bruyette & Woods raised their price target on shares of Columbia Banking System from $23.00 to $27.00 in a research note to investors on Monday, July 29th.
Shares of Columbia Banking System (NASDAQ:COLB) traded up 0.04% on Thursday, hitting $25.37. The stock had a trading volume of 8,543 shares. Columbia Banking System has a 1-year low of $16.18 and a 1-year high of $25.59. The stock’s 50-day moving average is $24.23 and its 200-day moving average is $22.59. The company has a market cap of $1.300 billion and a price-to-earnings ratio of 20.89.
Columbia Banking System (NASDAQ:COLB) last released its earnings data on Thursday, October 24th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.15. On average, analysts predict that Columbia Banking System will post $1.38 earnings per share for the current fiscal year.
Columbia Banking System, Inc is a bank holding company whose wholly owned banking subsidiary, Columbia State Bank (NASDAQ:COLB) also does business under the Bank of Astoria name and conducts full-service commercial banking business in the states of Washington and Oregon.
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