News headlines about Columbia Banking System (NASDAQ:COLB) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Columbia Banking System earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 48.1885396319843 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Columbia Banking System, Inc. (COLB) Expected to Post Earnings of $0.56 Per Share (americanbankingnews.com)
- Edited Transcript of COLB earnings conference call or presentation 26-Oct-17 8:00pm GMT (finance.yahoo.com)
- Columbia Banking System Trying To Close In On Key Technical Measure (finance.yahoo.com)
- Columbia Banking System Announces Third Quarter 2017 Results (finance.yahoo.com)
- Columbia Banking System, Inc. to Host Earnings Call (finance.yahoo.com)
COLB has been the subject of several research reports. Zacks Investment Research upgraded Columbia Banking System from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. BidaskClub downgraded Columbia Banking System from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Royal Bank Of Canada reiterated a “hold” rating and set a $42.00 price target on shares of Columbia Banking System in a research note on Friday, September 8th. Piper Jaffray Companies upgraded Columbia Banking System from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $43.00 to $46.00 in a research note on Monday, July 31st. Finally, DA Davidson reiterated a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of Columbia Banking System in a research note on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Columbia Banking System currently has a consensus rating of “Hold” and an average target price of $45.00.
Columbia Banking System (NASDAQ:COLB) traded up 1.80% during trading on Friday, reaching $44.09. The company’s stock had a trading volume of 568,170 shares. Columbia Banking System has a one year low of $31.90 and a one year high of $45.68. The firm has a market cap of $2.57 billion, a PE ratio of 22.39 and a beta of 1.26. The company has a 50-day moving average of $40.87 and a 200 day moving average of $39.33.
Columbia Banking System (NASDAQ:COLB) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Zacks’ 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 quarter last year, the firm earned $0.47 earnings per share. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. Analysts expect that Columbia Banking System will post $2.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, October 30th. Columbia Banking System’s dividend payout ratio is 40.00%.
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Columbia Banking System Company Profile
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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