BidaskClub lowered shares of Columbia Banking System (NASDAQ:COLB) from a hold rating to a sell rating in a research note released on Thursday morning.

Separately, Zacks Investment Research downgraded shares of Columbia Banking System from a hold rating to a sell rating in a research report on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $48.20.

Shares of Columbia Banking System stock traded up $0.40 during trading hours on Thursday, reaching $40.92. The company’s stock had a trading volume of 3,746 shares, compared to its average volume of 194,660. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.83 and a current ratio of 0.83. Columbia Banking System has a one year low of $37.70 and a one year high of $48.06. The company has a market cap of $3.01 billion, a P/E ratio of 18.58, a PEG ratio of 1.64 and a beta of 1.09.

Columbia Banking System (NASDAQ:COLB) last posted its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.04). Columbia Banking System had a return on equity of 9.13% and a net margin of 25.30%. The business had revenue of $140.37 million during the quarter, compared to the consensus estimate of $143.03 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. sell-side analysts predict that Columbia Banking System will post 2.5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 22nd. Investors of record on Wednesday, August 8th were given a $0.26 dividend. The ex-dividend date was Tuesday, August 7th. This represents a $1.04 annualized dividend and a yield of 2.54%. Columbia Banking System’s dividend payout ratio is presently 47.49%.

In related news, EVP David C. Lawson sold 1,813 shares of Columbia Banking System stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $41.88, for a total value of $75,928.44. Following the sale, the executive vice president now directly owns 15,460 shares in the company, valued at approximately $647,464.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.23% of the company’s stock.

A number of large investors have recently modified their holdings of COLB. SG Americas Securities LLC bought a new stake in Columbia Banking System in the 1st quarter valued at about $199,000. Citigroup Inc. lifted its position in Columbia Banking System by 208.0% in the 1st quarter. Citigroup Inc. now owns 7,916 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 5,346 shares during the last quarter. Laurion Capital Management LP bought a new stake in Columbia Banking System in the 2nd quarter valued at about $419,000. CIBC World Markets Inc. bought a new stake in Columbia Banking System in the 1st quarter valued at about $424,000. Finally, Xact Kapitalforvaltning AB raised its position in shares of Columbia Banking System by 40.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 11,088 shares of the financial services provider’s stock worth $465,000 after buying an additional 3,200 shares in the last quarter. Hedge funds and other institutional investors own 90.48% of the company’s stock.

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.

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