Columbia Banking System (COLB) Getting Somewhat Favorable Press Coverage, Accern Reports

News headlines about Columbia Banking System (NASDAQ:COLB) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Columbia Banking System earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.394515975334 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern’s analysis:

A number of research firms recently issued reports on COLB. BidaskClub lowered Columbia Banking System from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. Piper Jaffray Companies set a $52.00 target price on Columbia Banking System and gave the stock a “buy” rating in a report on Tuesday, January 30th. Sandler O’Neill reaffirmed a “hold” rating and set a $48.00 target price on shares of Columbia Banking System in a report on Friday, January 26th. Royal Bank of Canada reaffirmed a “hold” rating and set a $46.00 target price on shares of Columbia Banking System in a report on Friday, January 26th. Finally, Zacks Investment Research raised Columbia Banking System from a “sell” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Columbia Banking System has an average rating of “Hold” and a consensus target price of $48.00.

Columbia Banking System (COLB) traded up $0.71 during trading hours on Friday, hitting $41.52. The company had a trading volume of 407,384 shares, compared to its average volume of 257,894. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.82 and a quick ratio of 0.82. Columbia Banking System has a fifty-two week low of $35.67 and a fifty-two week high of $48.06. The firm has a market cap of $3,031.79, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.48 and a beta of 1.11.

Columbia Banking System (NASDAQ:COLB) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.02). Columbia Banking System had a net margin of 23.29% and a return on equity of 9.14%. The company had revenue of $135.40 million during the quarter, compared to analyst estimates of $135.15 million. During the same quarter last year, the business earned $0.53 EPS. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. analysts anticipate that Columbia Banking System will post 2.8 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th will be given a $0.22 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.12%. Columbia Banking System’s dividend payout ratio (DPR) is 46.32%.

In related news, CAO Barry Ray sold 750 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $46.87, for a total value of $35,152.50. Following the completion of the transaction, the chief accounting officer now owns 11,250 shares in the company, valued at approximately $527,287.50. The transaction was disclosed in a filing 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.

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