Columbia Banking System (COLB) to Release Earnings on Thursday

Columbia Banking System (NASDAQ:COLB) is expected to be releasing its earnings data after the market closes on Thursday, April 24th. Analysts expect Columbia Banking System to post earnings of $0.63 per share and revenue of $482.86 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Columbia Banking System (NASDAQ:COLB) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.65 by $0.06. Columbia Banking System had a return on equity of 11.21% and a net margin of 17.99%. On average, analysts expect Columbia Banking System to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Columbia Banking System Trading Up 0.1 %

COLB opened at $21.95 on Thursday. The stock’s 50 day simple moving average is $24.73 and its 200-day simple moving average is $27.14. The stock has a market cap of $4.61 billion, a PE ratio of 8.64 and a beta of 0.53. Columbia Banking System has a 1 year low of $17.44 and a 1 year high of $32.85.

Columbia Banking System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date of this dividend was Friday, February 28th. Columbia Banking System’s payout ratio is 56.69%.

Insider Activity at Columbia Banking System

In related news, VP Torran B. Nixon sold 4,481 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $25.99, for a total transaction of $116,461.19. Following the sale, the vice president now owns 104,869 shares of the company’s stock, valued at approximately $2,725,545.31. This trade represents a 4.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

COLB has been the topic of several analyst reports. Barclays lowered their price objective on Columbia Banking System from $33.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on Columbia Banking System from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods decreased their target price on Columbia Banking System from $34.00 to $33.00 and set a “market perform” rating on the stock in a report on Friday, January 24th. Citigroup reduced their price target on shares of Columbia Banking System from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Finally, Stephens lowered their price objective on shares of Columbia Banking System from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $30.00.

About Columbia Banking System

Columbia Banking System, Inc operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions.