Columbia Banking System (NASDAQ: COLB) recently received a number of ratings updates from brokerages and research firms:

  • 8/1/2017 – Columbia Banking System was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Columbia Banking System, Inc. is a registered bank holding company whose wholly owned subsidiary, Columbia State Bank,conducts a full-service commercial banking business. Headquartered in Tacoma, Washington, the Company provides a full range of banking services to small and medium-sized businesses, professionals and other individuals through banking offices located in the Tacoma metropolitan area and contiguous parts of the Puget Sound region of Washington, as well as the Longview and Woodland communities in southwestern Washington. “
  • 7/31/2017 – Columbia Banking System was upgraded by analysts at Piper Jaffray Companies from a “neutral” rating to an “overweight” rating. They now have a $46.00 price target on the stock, up previously from $43.00.
  • 7/28/2017 – Columbia Banking System had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $42.00 price target on the stock.
  • 7/26/2017 – Columbia Banking System was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Columbia Banking System, Inc. is a registered bank holding company whose wholly owned subsidiary, Columbia State Bank,conducts a full-service commercial banking business. Headquartered in Tacoma, Washington, the Company provides a full range of banking services to small and medium-sized businesses, professionals and other individuals through banking offices located in the Tacoma metropolitan area and contiguous parts of the Puget Sound region of Washington, as well as the Longview and Woodland communities in southwestern Washington. “
  • 7/25/2017 – Columbia Banking System was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/16/2017 – Columbia Banking System had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $44.00 price target on the stock.

Shares of Columbia Banking System, Inc. (COLB) traded down 0.26% on Monday, reaching $38.99. The company’s stock had a trading volume of 142,218 shares. The company’s 50 day moving average is $39.66 and its 200-day moving average is $39.38. Columbia Banking System, Inc. has a 1-year low of $30.74 and a 1-year high of $45.68. The stock has a market cap of $2.28 billion, a PE ratio of 19.78 and a beta of 1.22.

Columbia Banking System (NASDAQ:COLB) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $110.30 million during the quarter, compared to analyst estimates of $112.27 million. Columbia Banking System had a net margin of 25.82% and a return on equity of 8.99%. During the same period in the prior year, the firm posted $0.44 EPS. On average, equities analysts predict that Columbia Banking System, Inc. will post $2.07 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Monday, August 7th. Columbia Banking System’s dividend payout ratio is currently 44.67%.

In related news, CFO Clint Stein sold 8,000 shares of Columbia Banking System stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $40.09, for a total value of $320,720.00. Following the sale, the chief financial officer now owns 22,877 shares of the company’s stock, valued at $917,138.93. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.23% of the stock is currently owned by insiders.

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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