Columbia Banking System Inc (NASDAQ:COLB) declared a quarterly dividend on Thursday, October 24th, Zacks stories. Shareholders of document on Wednesday, November sixth will probably be paid a dividend of zero.28 per share by the monetary providers supplier on Wednesday, November 20th. This represents a $1.12 dividend on an annualized foundation and a yield of two.81%. The ex-dividend date of this dividend is Tuesday, November fifth.
Shares of COLB stock opened at $39.80 on Tuesday. Columbia Banking System has a 12 month low of $30.65 and a 12 month excessive of $41.05. The inventory has a market cap of $2.88 billion, a PE ratio of 16.11 and a beta of 1.08. The corporate has a present ratio of zero.83, a fast ratio of zero.83 and a debt-to-equity ratio of zero.23. The corporate’s fifty day shifting common value is $38.13 and its 200-day shifting common value is $36.29.
Columbia Banking System (NASDAQ:COLB) final introduced its earnings outcomes on Thursday, October 24th. The monetary providers supplier reported $zero.70 EPS for the quarter, beating the Zacks’ consensus estimate of $zero.61 by $zero.09. Columbia Banking System had a web margin of 31.02% and a return on fairness of 9.21%. The agency had income of $150.48 million for the quarter, in comparison with analysts’ expectations of $146.70 million. Throughout the identical quarter within the earlier 12 months, the enterprise posted $zero.63 EPS. On common, sell-side analysts forecast that Columbia Banking System will publish 2.64 earnings per share for the present fiscal 12 months.
Various analysts have lately commented on the inventory. Zacks Investment Research minimize shares of Columbia Banking System from a “maintain” score to a “promote” score in a report on Monday, October 28th. ValuEngine upgraded shares of Columbia Banking System from a “promote” score to a “maintain” score in a report on Tuesday, October 29th. Stephens restated a “maintain” score and set a $38.00 goal value on shares of Columbia Banking System in a report on Thursday, October 24th. BidaskClub minimize shares of Columbia Banking System from a “strong-buy” score to a “purchase” score in a analysis be aware on Saturday. Lastly, Royal Financial institution of Canada set a $40.00 value goal on shares of Columbia Banking System and gave the inventory a “maintain” score in a analysis be aware on Friday, October 25th. One analysis analyst has rated the inventory with a promote score, 4 have given a maintain score and one has given a purchase score to the corporate. Columbia Banking System presently has a mean score of “Maintain” and a mean value goal of $38.67.
In associated information, EVP David C. Lawson offered 1,164 shares of the corporate’s inventory in a transaction dated Tuesday, October 29th. The shares had been offered at a mean value of $39.95, for a complete worth of $46,501.80. Following the transaction, the chief vice chairman now owns 16,544 shares within the firm, valued at roughly $660,932.80. The sale was disclosed in a doc filed with the SEC, which is accessible by the SEC website. Insiders personal zero.92% of the corporate’s inventory.
Columbia Banking System Firm Profile
Columbia Banking System, Inc operates because the financial institution holding firm for Columbia State Financial institution that gives a spread of banking providers to small and medium-sized companies, professionals, and people in Washington, Oregon, and Idaho. It gives private banking services and products, together with noninterest and interest-bearing checking, saving, cash market, and certificates of deposit accounts; dwelling mortgages for purchases and refinances, dwelling fairness loans and features of credit score, and private loans; debit and bank cards; and digital banking providers.
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