Columbia Banking System (COLB) Set to Announce Quarterly Earnings on Thursday
Columbia Banking System (NASDAQ:COLB) will issue its Q214 quarterly earnings data on Thursday, July 24th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $89.81 million for the quarter.
Shares of Columbia Banking System (NASDAQ:COLB) opened at 24.79 on Wednesday. Columbia Banking System has a one year low of $23.17 and a one year high of $30.36. The stock has a 50-day moving average of $26.09 and a 200-day moving average of $26.43. The company has a market cap of $1.304 billion and a P/E ratio of 19.55.
COLB has been the subject of a number of recent research reports. Analysts at Raymond James reiterated an “outperform” rating on shares of Columbia Banking System in a research note on Tuesday, May 6th. They now have a $28.00 price target on the stock, down previously from $29.00. On a related note, analysts at Zacks downgraded shares of Columbia Banking System from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $32.00 price target on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Columbia Banking System in a research note on Monday, April 28th. They now have a $29.00 price target on the stock, down previously from $30.00. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $30.00.
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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