Colombian banking system (NASDAQ:COLB – Get a rating) will release its earnings data ahead of the market open on Thursday, April 21. Analysts expect Columbia Banking System to post earnings of $0.66 per share for the quarter. Individuals wishing to register for the company’s earnings conference call can do so using this link.
Colombian banking system (NASDAQ:COLB – Get a rating) last reported quarterly earnings data on Wednesday, January 19. The financial services provider reported earnings per share (EPS) of $0.67 for the quarter, beating the consensus estimate of $0.56 by $0.11. The company posted revenue of $169.76 million for the quarter, compared to $164.60 million expected by analysts. Columbia Banking System had a return on equity of 8.91% and a net margin of 32.19%. In the same period last year, the company earned $0.82 per share. On average, analysts expect Columbia Banking System to post EPS of $3 for the current fiscal year and EPS of $3 for the next fiscal year.
Shares of NASDAQ COLB opened at $30.47 on Thursday. The stock has a market capitalization of $2.40 billion, a P/E ratio of 10.92 and a beta of 0.63. Columbia Banking System has a 12 month minimum of $29.22 and a 12 month maximum of $45.05. The company’s 50-day simple moving average is $34.12 and its 200-day simple moving average is $34.66.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 16. Shareholders of record on Wednesday, February 2 received a dividend of $0.30. This represents a dividend of $1.20 on an annualized basis and a yield of 3.94%. The ex-dividend date was Tuesday, February 1. Columbia Banking System’s dividend payout ratio is currently 43.01%.
In other news, CFO Aaron James Cerf bought 3,000 shares of the company in a transaction dated Thursday, February 24. The shares were acquired at an average price of $33.45 per share, for a total transaction of $100,350.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. 0.62% of the shares are currently held by insiders.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Stifel Financial Corp increased its stake in Columbia Banking System by 10.9% in the fourth quarter. Stifel Financial Corp now owns 91,332 shares of the financial services provider valued at $2,988,000 after buying an additional 8,980 shares last quarter. Deutsche Bank AG increased its stake in Columbia Banking System by 73.4% in the fourth quarter. Deutsche Bank AG now owns 88,493 shares of the financial services provider valued at $2,895,000 after buying an additional 37,472 shares last quarter. Comerica Bank increased its stake in Columbia Banking System by 5.0% in the 4th quarter. Comerica Bank now owns 68,356 shares of the financial services provider valued at $2,466,000 after buying 3,266 additional shares last quarter. Glenmede Trust Co. NA increased its stake in Columbia Banking System by 35.4% in the fourth quarter. Glenmede Trust Co. NA now owns 47,714 shares of the financial services provider valued at $1,561,000 after buying an additional 12,478 shares last quarter. Finally, the Tennessee State Treasury Department increased its holdings in Columbia Banking System by 5.0% in the fourth quarter. The Tennessee State Treasury Department now owns 40,530 shares of the financial services provider valued at $1,327,000 after buying 1,945 additional shares last quarter. 84.11% of the shares are currently held by hedge funds and other institutional investors.
A number of analysts have weighed in on the company. Keefe, Bruyette & Woods supported coverage of the Columbia banking system in a Friday, February 11 research note. They issued a “market performance” rating on the stock. Zacks Investment Research upgraded Columbia Banking System from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the stock in a Thursday, March 31 research note. To finish, StockNews.com assumed coverage on Columbia Banking System in a Thursday, March 31, research note. They issued a “holding” rating on the stock. Four investment analysts gave the stock a hold rating, two gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $37.80.
About the Columbia Banking System (Get a rating)
Columbia Banking System, Inc operates as a bank holding company for Columbia State Bank which provides a range of banking services to small and medium businesses, professionals and individuals in the United States. It offers personal banking products and services, including interest-free and interest-bearing checks, savings accounts, money market and certificates of deposit; home mortgages for purchases and refinances, home equity loans and lines of credit and other personal loans; debit and credit cards; and digital banking.
Get news and reviews for Columbia Banking System Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Columbia Banking System and related companies with MarketBeat.com’s FREE daily email newsletter.