NASDAQ:COLBColumbia Banking System Stock Price, Forecast & News

Columbia Banking System's stock was trading at $27.89 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, COLB stock has increased by 8.2% and is now trading at $30.17.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbia Banking System in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Columbia Banking System is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
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Columbia Banking System Inc (NASDAQ:COLB) issued its earnings results on Thursday, July, 23rd. The financial services provider reported $0.52 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.25 by $0.27. The financial services provider earned $159.11 million during the quarter, compared to analysts' expectations of $143.60 million. Columbia Banking System had a return on equity of 6.72% and a net margin of 23.46%. During the same period last year, the company posted $0.71 earnings per share.
View Columbia Banking System's earnings history.

Columbia Banking System announced a quarterly dividend on Friday, July 24th. Stockholders of record on Wednesday, August 5th will be paid a dividend of $0.28 per share on Wednesday, August 19th. This represents a $1.12 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Tuesday, August 4th.
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3 brokerages have issued 12-month price targets for Columbia Banking System's stock. Their forecasts range from $30.00 to $38.00. On average, they anticipate Columbia Banking System's share price to reach $34.33 in the next twelve months. This suggests a possible upside of 13.8% from the stock's current price.
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News coverage about COLB stock has been trending very positive recently, InfoTrie reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Columbia Banking System earned a coverage optimism score of 4.0 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term.
View the latest news about Columbia Banking System.

Columbia Banking System saw a decline in short interest in July. As of July 31st, there was short interest totaling 2,300,000 shares, a decline of 12.9% from the July 15th total of 2,640,000 shares. Based on an average trading volume of 454,300 shares, the short-interest ratio is currently 5.1 days. Approximately 3.3% of the shares of the company are short sold.
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Some companies that are related to Columbia Banking System include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
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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).

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

Columbia Banking System's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (2.82%), Principal Financial Group Inc. (0.80%), Chartwell Investment Partners LLC (0.70%), Granite Investment Partners LLC (0.65%), Tributary Capital Management LLC (0.52%) and Russell Investments Group Ltd. (0.48%). 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.

COLB stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, SG Americas Securities LLC, UBS Group AG, Fisher Asset Management LLC, Comerica Bank, US Bancorp DE, Naples Global Advisors LLC, and Texas Permanent School Fund.
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COLB stock was acquired by a variety of institutional investors in the last quarter, including ProShare Advisors LLC, Granite Investment Partners LLC, Victory Capital Management Inc., Chartwell Investment Partners LLC, Raymond James & Associates, Dalton Greiner Hartman Maher & Co., Moody Aldrich Partners LLC, and Tributary Capital Management 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.

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.

One share of COLB stock can currently be purchased for approximately $30.17.

Columbia Banking System has a market capitalization of $2.16 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.

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

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]