Stock analysts expect Columbia Banking System, Inc. (NASDAQ: COLB) to report earnings of $ 0.56 per share for the current quarter, Zacks investment research reports. Two analysts estimated Columbia Banking System’s earnings, with the lowest EPS estimate being $ 0.54 and the highest estimate being $ 0.57. Columbia Banking System reported earnings per share of $ 0.82 in the same quarter last year, which would indicate a negative year-over-year growth rate of 31.7%. The company is expected to announce its next earnings report on Thursday, January 27.
On average, analysts predict that Columbia Banking System will report annual earnings of $ 2.85 per share for the current fiscal year, with EPS estimates ranging from $ 2.80 to $ 2.95. For the next fiscal year, analysts expect the company to report earnings of $ 2.43 per share, with EPS estimates ranging from $ 2.21 to $ 2.74. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts who cover Columbia Banking System.
Columbia Banking System (NASDAQ: COLB) last released its quarterly earnings data on Wednesday, October 27. The financial services provider reported earnings per share (EPS) of $ 0.74 for the quarter, beating the consensus estimate of $ 0.71 by $ 0.03. The company posted revenue of $ 132.54 million in the quarter, compared to analysts’ estimates of $ 150.88 million. Columbia Banking System had a net margin of 35.50% and a return on equity of 9.41%. Columbia Banking System’s quarterly revenues increased 13.0% from the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $ 0.63.
A number of equity analysts recently published reports on the stock. Royal Bank of Canada cut its target price on Columbia Banking System shares from $ 42.00 to $ 38.00 and set a “sector performance” rating on the stock in a research report released on Wednesday the 13th. October. DA Davidson downgraded Columbia Banking System stock from a “neutral” to a “buy” rating and raised its target price for the company from $ 39.00 to $ 41.00 in a research note Wednesday, October 13. Raymond James lowered his Columbia Banking System stock price target from $ 43.00 to $ 40.00 and established an “outperformance” rating for the company in a research report released on Monday, November 1. Zacks investment research reduced Columbia Banking System shares from a “buy” note to a “keep” note in a report released on Monday, October 11. Finally, Stephens lowered his Columbia Banking System stock price target from $ 40.00 to $ 32.00 and established an “equal weight” rating for the company in a report released on Wednesday, October 13. Five analysts rated the stock with a conservation rating and two issued a buy rating for the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $ 40.14.
In addition, director Tom Hulbert acquired 11,073 shares in a transaction dated Friday, November 26. The stock was purchased at an average price of $ 32.21 per share, for a total transaction of $ 356,661.33. The acquisition has been disclosed in a legal file with the SEC, which can be accessed through this link. 0.57% of the shares are currently owned by insiders.
Large investors recently changed their holdings of stocks. First Horizon Advisors Inc. increased its position in Columbia Banking System stocks by 99.4% in the third quarter. First Horizon Advisors Inc. now owns 660 shares of the financial services provider valued at $ 31,000 after purchasing an additional 329 shares in the last quarter. Eaton Vance Management purchased a new stake in Columbia Banking System in the first quarter valued at $ 42,000. Financial Insights Inc. purchased a new stake in Columbia Banking System in the second quarter valued at $ 73,000. Capital Analysts LLC increased its stake in Columbia Banking System by 602.8% in the second quarter. Capital Analysts LLC now owns 3,528 shares of the financial services provider valued at $ 136,000 after purchasing an additional 3,026 shares in the last quarter. Finally, FORA Capital LLC increased its equity stake in Columbia Banking System by 335.1% during the second quarter. FORA Capital LLC now owns 3,838 shares of the financial services provider valued at $ 148,000 after acquiring an additional 2,956 shares in the last quarter. 90.24% of the shares are currently held by institutional investors.
Actions of Columbia banking system stocks opened for $ 32.54 on Friday. The company’s 50-day simple moving average is $ 35.58 and its 200-day simple moving average is $ 37.26. Columbia Banking System has a twelve month minimum of $ 31.95 and a twelve month maximum of $ 50.68. The company has a market cap of $ 2.56 billion, a P / E ratio of 10.63 and a beta of 0.79.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 27. Shareholders of record on Tuesday, October 12, received a dividend of $ 0.30. The ex-dividend date of this dividend was Monday, October 11. This represents a dividend of $ 1.20 on an annualized basis and a dividend yield of 3.69%. Columbia Banking System’s dividend payout ratio (DPR) is currently 39.22%.
Columbia Banking System Company Profile
Columbia Banking System, Inc. is a banking holding company that provides financial services. She specializes in the management of individuals, businesses and assets. It offers checking and savings accounts; debit and credit cards; digital bank; personal loans; real estate loans; foreign currency; professional bank; finance management; merchant card services; international bank; financial services; private banking; and trust and investment services.
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