Columbia Banking System Inc (NASDAQ:COLB) has earned a consensus rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $42.60.

Several research firms have commented on COLB. BidaskClub upgraded shares of Columbia Banking System from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Columbia Banking System from a “sell” rating to a “hold” rating in a report on Friday, March 29th. DA Davidson downgraded shares of Columbia Banking System from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $42.00 to $38.00 in a report on Monday, March 18th. Stephens began coverage on shares of Columbia Banking System in a report on Wednesday, March 6th. They issued an “equal weight” rating and a $39.00 price objective on the stock. Finally, ValuEngine downgraded shares of Columbia Banking System from a “hold” rating to a “sell” rating in a report on Thursday, February 14th.

COLB traded up $0.06 during trading on Thursday, reaching $34.26. 41,351 shares of the stock were exchanged, compared to its average volume of 444,356. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.90 and a beta of 0.98. Columbia Banking System has a twelve month low of $30.65 and a twelve month high of $45.22. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21.

Columbia Banking System (NASDAQ:COLB) last issued its earnings results on Thursday, January 24th. The financial services provider reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.06). The firm had revenue of $144.29 million for the quarter, compared to analyst estimates of $148.88 million. Columbia Banking System had a return on equity of 9.01% and a net margin of 29.54%. Columbia Banking System’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. As a group, research analysts forecast that Columbia Banking System will post 2.53 earnings per share for the current year.

In other Columbia Banking System news, COO Clint Stein sold 657 shares of the company’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $38.32, for a total value of $25,176.24. Following the transaction, the chief operating officer now directly owns 24,644 shares in the company, valued at $944,358.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.06% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank bought a new stake in shares of Columbia Banking System in the fourth quarter valued at about $25,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Columbia Banking System in the fourth quarter valued at about $28,000. Advisors Preferred LLC bought a new stake in shares of Columbia Banking System in the fourth quarter valued at about $31,000. Advisor Group Inc. boosted its position in shares of Columbia Banking System by 9.2% in the fourth quarter. Advisor Group Inc. now owns 3,645 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 307 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Columbia Banking System by 18.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,896 shares of the financial services provider’s stock valued at $179,000 after acquiring an additional 757 shares during the period. 91.40% of the stock is owned by 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.

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Analyst Recommendations for Columbia Banking System (NASDAQ:COLB)

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