2 weeks Ago By ABMN Staff
Columbia Banking System ( NASDAQ:COLB – Get Free Report ) is projected to issue its quarterly earnings data after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $482.
86 million for the quarter. Columbia Banking System ( NASDAQ:COLB – Get Free Report ) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.
71 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06.
Columbia Banking System had a net margin of 17.99% and a return on equity of 11.21%.
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 Stock Down 0.5 % NASDAQ COLB opened at $22.
06 on Tuesday. The company has a 50-day simple moving average of $24.41 and a two-hundred day simple moving average of $27.
09. Columbia Banking System has a 12-month low of $18.11 and a 12-month high of $32.
85. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 8.
69 and a beta of 0.53. Columbia Banking System Dividend Announcement Insider Activity In related news, VP Torran B.
Nixon sold 4,481 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were 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 $2,725,545.31.
The trade was a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link .
Company insiders own 0.68% of the company’s stock. Analysts Set New Price Targets COLB has been the topic of a number of analyst reports.
Citigroup decreased their price target on Columbia Banking System from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th.
Stephens lowered their price target on shares of Columbia Banking System from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th.
JPMorgan Chase & Co. cut their price target on shares of Columbia Banking System from $32.00 to $30.
00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Barclays lowered their price objective on shares of Columbia Banking System from $33.00 to $27.
00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods cut their target price on Columbia Banking System from $34.00 to $33.
00 and set a “market perform” rating on the stock in a research note on Friday, January 24th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.
00. Read Our Latest Stock Analysis on COLB About Columbia Banking System ( Get Free Report ) 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.
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