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NASDAQ:COLBColumbia Banking System Stock Price, Forecast & News

$24.36
-0.82 (-3.26 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$23.87
Now: $24.36
$24.77
50-Day Range
$20.33
MA: $24.34
$28.43
52-Week Range
$19.11
Now: $24.36
$41.40
Volume383,056 shs
Average Volume405,024 shs
Market Capitalization$1.74 billion
P/E Ratio10.83
Dividend Yield4.60%
Beta0.97
Columbia Banking System, Inc. operates as the bank holding company for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals, and individuals in Washington, Oregon, and Idaho. It offers personal banking products and services, including noninterest and interest-bearing checking, saving, money market, and certificate of deposit accounts; home mortgages for purchases and refinances, home equity loans and lines of credit, and personal loans; debit and credit cards; and digital banking services. The company also provides business banking products and services, such as checking, savings, interest-bearing money market, and certificate of deposit accounts; agricultural loans, asset-based loans, builder and other commercial real estate loans, and loans guaranteed by the small business administration; debit and credit cards; and professional banking, treasury management, merchant card, and international banking services. In addition, it offers wealth management services in the areas of private banking, financial services, and trust and investment services to individuals, families, and professional businesses. Further, the company provides fiduciary, agency, trust, and related services, as well as life insurance products. As of December 31, 2018, the company had 150 branches. Columbia Banking System, Inc. was founded in 1993 and is headquartered in Tacoma, Washington.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 1.7Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.07 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:COLB
CUSIP19723610
Phone253-305-1900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$627.13 million
Cash Flow$3.17 per share
Book Value$29.94 per share

Profitability

Net Income$194.45 million

Miscellaneous

Employees2,162
Market Cap$1.74 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Columbia Banking System (NASDAQ:COLB) Frequently Asked Questions

How has Columbia Banking System's stock been impacted by COVID-19 (Coronavirus)?

Columbia Banking System's stock was trading at $27.89 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, COLB shares have decreased by 12.7% and is now trading at $24.36. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Columbia Banking System?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbia Banking System in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Columbia Banking System.

When is Columbia Banking System's next earnings date?

Columbia Banking System is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Columbia Banking System.

How were Columbia Banking System's earnings last quarter?

Columbia Banking System Inc (NASDAQ:COLB) announced its earnings results on Thursday, April, 30th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.44 by $0.24. The financial services provider earned $143.63 million during the quarter, compared to analysts' expectations of $143.80 million. Columbia Banking System had a return on equity of 7.53% and a net margin of 25.96%. During the same period in the prior year, the business posted $0.63 earnings per share. View Columbia Banking System's earnings history.

How often does Columbia Banking System pay dividends? What is the dividend yield for Columbia Banking System?

Columbia Banking System announced a quarterly dividend on Friday, May 1st. Investors of record on Thursday, May 14th will be given a dividend of $0.28 per share on Thursday, May 28th. This represents a $1.12 annualized dividend and a yield of 4.60%. The ex-dividend date is Wednesday, May 13th. View Columbia Banking System's dividend history.

What price target have analysts set for COLB?

2 brokers have issued 12 month target prices for Columbia Banking System's shares. Their forecasts range from $30.00 to $38.00. On average, they anticipate Columbia Banking System's share price to reach $34.00 in the next twelve months. This suggests a possible upside of 39.6% from the stock's current price. View analysts' price targets for Columbia Banking System.

Has Columbia Banking System been receiving favorable news coverage?

News articles about COLB stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Columbia Banking System earned a coverage optimism score of -2.6 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutColumbia Banking System.

Are investors shorting Columbia Banking System?

Columbia Banking System saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 2,900,000 shares, a drop of 10.2% from the April 15th total of 3,230,000 shares. Based on an average daily trading volume, of 457,300 shares, the short-interest ratio is presently 6.3 days. Approximately 4.1% of the company's shares are sold short. View Columbia Banking System's Current Options Chain.

Who are some of Columbia Banking System's key competitors?

What other stocks do shareholders of Columbia Banking System own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Columbia Banking System investors own include Heritage Financial (HFWA), Chevron (CVX), Marathon Petroleum (MPC), Enbridge (ENB), Farmers & Merchants Bancorp, Inc. (OH) (FMAO), Altria Group (MO), Umpqua (UMPQ), Wells Fargo & Co (WFC), Weyerhaeuser (WY) and Exxon Mobil (XOM).

Who are Columbia Banking System's key executives?

Columbia Banking System's management team includes the following people:
  • Mr. Hadley S. Robbins, Pres, CEO & Director (Age 62)
  • Mr. Gregory A. Sigrist CPA, Exec. VP & CFO (Age 51)
  • Mr. Clint E. Stein, Exec. VP & COO (Age 47)
  • Ms. Kumi Yamamoto Baruffi, Exec. VP, Gen. Counsel & Corp. Sec. (Age 48)
  • Mr. David C. Lawson, Exec. VP & Chief HR Officer (Age 60)

What is Columbia Banking System's stock symbol?

Columbia Banking System trades on the NASDAQ under the ticker symbol "COLB."

Who are Columbia Banking System's major shareholders?

Columbia Banking System's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.78%), Franklin Resources Inc. (4.43%), State Street Corp (3.85%), Victory Capital Management Inc. (2.62%), Victory Capital Management Inc. (2.62%) and Bank of New York Mellon Corp (2.21%). Company insiders that own Columbia Banking System stock include Andy Mcdonald, Clint Stein, Craig D Eerkes, David C Lawson, Kumi Yamamoto Baruffi and Tom Hulbert. View institutional ownership trends for Columbia Banking System.

Which major investors are selling Columbia Banking System stock?

COLB stock was sold by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , BlackRock Inc., Morgan Stanley, Morgan Stanley, Baird Financial Group Inc., Invesco Ltd., Bank of New York Mellon Corp, and UBS Group AG. Company insiders that have sold Columbia Banking System company stock in the last year include Andy Mcdonald, and David C Lawson. View insider buying and selling activity for Columbia Banking System.

Which major investors are buying Columbia Banking System stock?

COLB stock was acquired by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, JPMorgan Chase & Co., State Street Corp, Eagle Asset Management Inc., Advisor Group Holdings Inc., Balyasny Asset Management LLC, Geode Capital Management LLC, and Neumeier Poma Investment Counsel LLC. Company insiders that have bought Columbia Banking System stock in the last two years include Clint Stein, Craig D Eerkes, David C Lawson, Kumi Yamamoto Baruffi, and Tom Hulbert. View insider buying and selling activity for Columbia Banking System.

How do I buy shares of Columbia Banking System?

Shares of COLB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Columbia Banking System's stock price today?

One share of COLB stock can currently be purchased for approximately $24.36.

How big of a company is Columbia Banking System?

Columbia Banking System has a market capitalization of $1.74 billion and generates $627.13 million in revenue each year. The financial services provider earns $194.45 million in net income (profit) each year or $2.68 on an earnings per share basis. Columbia Banking System employs 2,162 workers across the globe.

What is Columbia Banking System's official website?

The official website for Columbia Banking System is www.columbiabank.com.

How can I contact Columbia Banking System?

Columbia Banking System's mailing address is 1301 A STREET, TACOMA WA, 98402. The financial services provider can be reached via phone at 253-305-1900 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff

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