Columbia Banking System Inc (NASDAQ:COLB) – Analysts at Piper Sandler issued their FY2020 earnings per share (EPS) estimates for Columbia Banking System in a research report issued on Tuesday, January 14th. Piper Sandler analyst A. Deer anticipates that the financial services provider will post earnings per share of $2.28 for the year.
Columbia Banking System (NASDAQ:COLB) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. The company had revenue of $150.48 million for the quarter, compared to analyst estimates of $146.70 million. Columbia Banking System had a return on equity of 9.21% and a net margin of 31.02%. During the same period last year, the company earned $0.63 earnings per share.
A number of other research analysts have also commented on COLB. Stephens reissued a “hold” rating and set a $38.00 price target on shares of Columbia Banking System in a report on Thursday, October 24th. ValuEngine raised Columbia Banking System from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Zacks Investment Research lowered Columbia Banking System from a “buy” rating to a “hold” rating in a report on Friday. Royal Bank of Canada set a $40.00 price target on Columbia Banking System and gave the company a “hold” rating in a report on Friday, October 25th. Finally, BidaskClub lowered Columbia Banking System from a “hold” rating to a “sell” rating in a report on Saturday, January 11th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $40.00.
Shares of COLB opened at $39.92 on Friday. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 15.06 and a beta of 1.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.83 and a current ratio of 0.83. Columbia Banking System has a one year low of $30.65 and a one year high of $41.40. The stock’s fifty day moving average is $39.94 and its 200-day moving average is $37.56.
In related news, EVP David C. Lawson sold 1,164 shares of Columbia Banking System stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $39.95, for a total transaction of $46,501.80. Following the transaction, the executive vice president now directly owns 16,544 shares of the company’s stock, valued at $660,932.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.92% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. First National Bank of Omaha grew its holdings in Columbia Banking System by 9.5% during the fourth quarter. First National Bank of Omaha now owns 35,942 shares of the financial services provider’s stock worth $1,462,000 after acquiring an additional 3,122 shares during the period. Man Group plc purchased a new position in Columbia Banking System in the 3rd quarter worth about $838,000. Public Employees Retirement System of Ohio increased its stake in Columbia Banking System by 5.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 74,571 shares of the financial services provider’s stock worth $2,752,000 after purchasing an additional 3,868 shares in the last quarter. California State Teachers Retirement System increased its stake in Columbia Banking System by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 114,563 shares of the financial services provider’s stock worth $4,227,000 after purchasing an additional 1,368 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in Columbia Banking System by 5.7% in the 3rd quarter. Voya Investment Management LLC now owns 566,532 shares of the financial services provider’s stock worth $20,905,000 after purchasing an additional 30,612 shares in the last quarter. 90.80% of the stock is currently owned by hedge funds and other institutional investors.
Columbia Banking System Company Profile
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.