Equities research analysts forecast that Columbia Banking System Inc (NASDAQ:COLB) will post $146.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Columbia Banking System’s earnings, with estimates ranging from $146.00 million to $147.00 million. Columbia Banking System reported sales of $144.29 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.5%. The business is scheduled to issue its next earnings results on Thursday, January 23rd.

According to Zacks, analysts expect that Columbia Banking System will report full year sales of $589.50 million for the current year, with estimates ranging from $589.00 million to $590.00 million. For the next year, analysts forecast that the company will post sales of $592.25 million, with estimates ranging from $590.80 million to $593.70 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Columbia Banking System.

Columbia Banking System (NASDAQ:COLB) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.09. The company had revenue of $150.48 million during the quarter, compared to analysts’ expectations 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 business earned $0.63 earnings per share.

Several brokerages recently weighed in on COLB. Zacks Investment Research cut Columbia Banking System from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. ValuEngine upgraded Columbia Banking System from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Royal Bank of Canada set a $40.00 price target on Columbia Banking System and gave the company a “hold” rating in a research report on Friday, October 25th. Stephens reiterated a “hold” rating and set a $38.00 price target on shares of Columbia Banking System in a research report on Thursday, October 24th. Finally, BidaskClub upgraded Columbia Banking System from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.80.

Shares of COLB stock opened at $40.22 on Thursday. The stock has a 50 day moving average of $37.44 and a 200 day moving average of $36.04. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.91 billion, a P/E ratio of 16.28 and a beta of 1.08. Columbia Banking System has a twelve month low of $30.65 and a twelve month high of $41.05.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Tuesday, November 5th. Columbia Banking System’s dividend payout ratio (DPR) is presently 45.34%.

In other news, EVP David C. Lawson sold 1,164 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $39.95, for a total value of $46,501.80. Following the completion of the sale, the executive vice president now directly owns 16,544 shares in the company, valued at $660,932.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.92% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. First Trust Advisors LP increased its position in shares of Columbia Banking System by 13.4% in the second quarter. First Trust Advisors LP now owns 100,356 shares of the financial services provider’s stock valued at $3,631,000 after buying an additional 11,843 shares in the last quarter. Comerica Bank increased its position in shares of Columbia Banking System by 2.1% in the second quarter. Comerica Bank now owns 120,822 shares of the financial services provider’s stock valued at $4,248,000 after buying an additional 2,451 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Columbia Banking System by 1.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 28,873 shares of the financial services provider’s stock valued at $1,045,000 after buying an additional 500 shares in the last quarter. Northern Trust Corp increased its position in shares of Columbia Banking System by 0.4% in the second quarter. Northern Trust Corp now owns 1,441,014 shares of the financial services provider’s stock valued at $52,137,000 after buying an additional 6,244 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Columbia Banking System by 0.6% in the second quarter. Vanguard Group Inc. now owns 7,870,804 shares of the financial services provider’s stock valued at $284,766,000 after buying an additional 49,422 shares in the last quarter. Institutional investors and hedge funds own 89.70% of the company’s stock.

About Columbia Banking System

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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Earnings History and Estimates for Columbia Banking System (NASDAQ:COLB)

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