Columbia Banking System Inc. Hits New 52-Week High at $28.41 (COLB)
Shares of Columbia Banking System (NASDAQ:COLB) hit a new 52-week high during trading hours on Wednesday, American Banking & Market News reports. The company traded as high as $28.41 and last traded at $28.40, with a volume of 132,559 shares trading hands. The stock had previously closed at $28.08.
Separately, analysts at Wunderlich raised their price target on shares of Columbia Banking System from $28.00 to $32.00 in a research note to investors on Wednesday, December 4th. They now have a “buy” rating on the stock.
Columbia Banking System has a one year low of $19.56 and a one year high of $28.45. The stock has a 50-day moving average of $27.10 and a 200-day moving average of $25.56. The company has a market cap of $1.453 billion and a P/E ratio of 24.27.
Columbia Banking System (NASDAQ:COLB) last released its earnings data on Thursday, October 24th. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.15. On average, analysts predict that Columbia Banking System will post $1.21 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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