Columbia Banking System, Inc. (NASDAQ:COLB) receives an average price target of $25.42 from analysts

Columbia Banking System, Inc. (NASDAQ:COLB – Get Your Free Report ) has received a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $25.50.

Several research firms recently weighed in on COLB. Wells Fargo & Company boosted their target price on shares of Columbia Banking System from $22.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Royal Bank of Canada upped their target price on Columbia Banking System from $21.00 to $26.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. JPMorgan Chase & Co. raised their target price on Columbia Banking System from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. StockNews.com raised Columbia Banking System from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th. Finally, Barclays lifted their price target on Columbia Banking System from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday.

See our latest report on COLB

Institutional inputs and outputs

A number of hedge funds and other institutional investors have recently modified their holdings of COLB. Ariadne Wealth Management LP acquired a new stake in Columbia Banking System in the second quarter valued at about $252,000. Cetera Investment Advisers lifted its position in shares of Columbia Banking System by 135.8% in the second quarter. Cetera Investment Advisers now owns 111,009 shares of the financial services provider’s stock valued at $2,208,000 after buying an additional 63,932 shares in the last quarter. Creative Planning boosted its position in shares of Columbia Banking System by 39.2% in the second quarter. Creative Planning now owns 42,063 shares of the financial services provider’s stock valued at $837,000 after purchasing an additional 11,836 shares in the last quarter. Algert Global LLC raised its stake in Columbia Banking System by 6.2% in the 2nd quarter. Algert Global LLC now owns 321,874 shares of the financial services provider’s stock worth $6,402,000 after acquiring an additional 18,708 shares during the period. Finally, Scientech Research LLC acquired a new position in shares of Columbia Banking System in the second quarter worth approximately $307,000. Institutional investors own 92.53% of the company’s shares.

Colombia Banking System Trading Down 0.0%

Shares of COLB opened at $25.96 on Friday. Columbia Banking System has a 1 year low of $17.08 and a 1 year high of $28.11. The firm has a market cap of $5.44 billion, a PE ratio of 11.14 and a beta of 0.64. The company’s 50-day moving average price is $24.51, and its two-hundred-day moving average price is $21.14.

Columbia Banking System (NASDAQ:COLB – Get Your Free Report ) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. Columbia Banking System had a return on equity of 10.89% and a net margin of 15.94%. The business had revenue of $472.15 million for the quarter, compared to analysts’ expectations of $476.01 million. In the same quarter last year, the business posted EPS of $0.81. Columbia Banking System’s revenue for the quarter was down 9.8% on the year. On average, analysts anticipate that Columbia Banking System will post 2.55 earnings per share for the current year.

Columbia Banking System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 23rd were issued a $0.36 dividend. This represents an annualized dividend of $1.44 and a dividend yield of 5.55%. The ex-dividend date of this dividend was Friday, August 23. Columbia Banking System’s payout ratio is currently 61.80%.

Columbia Banking System Company Profile

(Get a free report

Columbia Banking System, Inc operates as the holding company of Umpqua Bank providing banking, private banking, mortgage and other financial services in the United States. The Company offers deposit products, including business, interest-free checking, interest-bearing checking and savings, money market and certificates of deposit accounts; and cash secured sweep and other investment sweep solutions.

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