Columbia Banking System, Inc. (NASDAQ:COLB)‘s stock had its “hold” rating reissued by analysts at Royal Bank Of Canada in a report issued on Friday. They presently have a $42.00 price target on the financial services provider’s stock. Royal Bank Of Canada’s price target points to a potential upside of 15.51% from the company’s previous close.

Several other research analysts have also weighed in on COLB. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $44.00 price objective on shares of Columbia Banking System in a research report on Friday, June 16th. BidaskClub lowered Columbia Banking System from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Columbia Banking System from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Finally, Piper Jaffray Companies upgraded Columbia Banking System from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $43.00 to $46.00 in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Columbia Banking System presently has a consensus rating of “Hold” and a consensus target price of $44.40.

Shares of Columbia Banking System (COLB) opened at 36.36 on Friday. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 18.47 and a beta of 1.24. Columbia Banking System has a 52 week low of $31.60 and a 52 week high of $45.68. The company’s 50 day moving average price is $37.93 and its 200-day moving average price is $38.85.

Columbia Banking System (NASDAQ:COLB) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.01. The business had revenue of $110.30 million during the quarter, compared to analysts’ expectations of $112.27 million. Columbia Banking System had a return on equity of 8.99% and a net margin of 25.82%. During the same quarter in the previous year, the company posted $0.44 earnings per share. Analysts anticipate that Columbia Banking System will post $2.03 earnings per share for the current fiscal year.

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In other Columbia Banking System news, CFO Clint Stein sold 8,000 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $40.09, for a total transaction of $320,720.00. Following the transaction, the chief financial officer now directly owns 22,877 shares in the company, valued at $917,138.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.23% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. lifted its stake in Columbia Banking System by 0.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,602 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 46 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Columbia Banking System by 2.1% during the second quarter. D.A. Davidson & CO. now owns 3,631 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 73 shares in the last quarter. Amalgamated Bank lifted its stake in Columbia Banking System by 1.1% during the second quarter. Amalgamated Bank now owns 7,945 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 84 shares in the last quarter. 1st Global Advisors Inc. lifted its stake in Columbia Banking System by 1.4% during the first quarter. 1st Global Advisors Inc. now owns 6,179 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 85 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its stake in Columbia Banking System by 0.7% during the first quarter. Municipal Employees Retirement System of Michigan now owns 13,260 shares of the financial services provider’s stock worth $517,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 96.75% of the company’s stock.

About Columbia Banking System

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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