Columbia Banking System (NASDAQ:COLB) is scheduled to be announcing its earnings results before the market opens on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.49 per share for the quarter.

Columbia Banking System (NASDAQ:COLB) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.18. Columbia Banking System had a net margin of 27.72% and a return on equity of 9.93%. The business had revenue of $126.00 million during the quarter, compared to the consensus estimate of $119.16 million. During the same period last year, the business posted $0.47 EPS. Columbia Banking System’s revenue was up 16.9% on a year-over-year basis. On average, analysts expect Columbia Banking System to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Columbia Banking System (NASDAQ:COLB) opened at $45.58 on Wednesday. Columbia Banking System has a one year low of $35.67 and a one year high of $48.06. The stock has a market cap of $2,660.00, a PE ratio of 20.81, a P/E/G ratio of 1.83 and a beta of 1.25.

Several equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Columbia Banking System from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Piper Jaffray Companies reiterated a “buy” rating and issued a $53.00 target price on shares of Columbia Banking System in a research note on Tuesday, January 9th. Zacks Investment Research upgraded shares of Columbia Banking System from a “sell” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Monday, January 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of Columbia Banking System in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $47.40.

In related news, CAO Barry Ray sold 750 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $46.87, for a total value of $35,152.50. Following the completion of the sale, the chief accounting officer now directly owns 11,250 shares in the company, valued at approximately $527,287.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.23% of the company’s stock.

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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.

Earnings History for Columbia Banking System (NASDAQ:COLB)

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