Columbia Banking System (NASDAQ:COLB – Get Ranking) was upgraded by StockNews.com from a “promote” ranking to a “maintain” ranking in a notice issued to traders on Friday.
COLB has been the topic of a number of different reviews. Zacks Funding Analysis downgraded Columbia Banking System from a “maintain” ranking to a “robust promote” ranking in a analysis report on Monday, January twenty fourth. Keefe, Bruyette & Woods started protection on Columbia Banking System in a analysis report on Friday, February eleventh. They issued a “market carry out” ranking for the corporate. One equities analysis analyst has rated the inventory with a promote ranking, 4 have assigned a maintain ranking and two have issued a purchase ranking to the corporate. Primarily based on information from MarketBeat, Columbia Banking System at present has a median ranking of “Maintain” and a consensus goal value of $38.20.
Shares of NASDAQ:COLB opened at $34.57 on Friday. The enterprise has a 50-day shifting common value of $35.45 and a 200 day shifting common value of $35.17. The corporate has a market capitalization of $2.72 billion, a price-to-earnings ratio of 12.39 and a beta of 0.66. Columbia Banking System has a 12-month low of $30.09 and a 12-month excessive of $50.68.
Columbia Banking System (NASDAQ:COLB – Get Ranking) final launched its earnings outcomes on Wednesday, January nineteenth. The monetary providers supplier reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.11. The corporate had income of $169.76 million in the course of the quarter, in comparison with the consensus estimate of $164.60 million. Columbia Banking System had a return on fairness of 8.91% and a internet margin of 32.19%. Throughout the identical interval within the earlier yr, the corporate posted $0.82 EPS. On common, sell-side analysts anticipate that Columbia Banking System will put up 2.65 EPS for the present yr.
In different information, CFO Aaron James Deer bought 3,000 shares of the enterprise’s inventory in a transaction on Thursday, February twenty fourth. The shares have been purchased at a median value of $33.45 per share, with a complete worth of $100,350.00. The acquisition was disclosed in a authorized submitting with the Securities & Change Fee, which will be accessed by way of the SEC web site. Insiders personal 0.57% of the corporate’s inventory.
A number of massive traders have not too long ago added to or decreased their stakes within the firm. BlackRock Inc. elevated its holdings in shares of Columbia Banking System by 8.8% within the fourth quarter. BlackRock Inc. now owns 11,456,349 shares of the monetary providers supplier’s inventory valued at $374,853,000 after buying an extra 928,840 shares in the course of the interval. State Road Corp elevated its holdings in shares of Columbia Banking System by 38.2% within the fourth quarter. State Road Corp now owns 4,957,374 shares of the monetary providers supplier’s inventory valued at $162,205,000 after buying an extra 1,370,893 shares in the course of the interval. Dimensional Fund Advisors LP grew its holdings in Columbia Banking System by 15.9% in the course of the fourth quarter. Dimensional Fund Advisors LP now owns 3,348,653 shares of the monetary providers supplier’s inventory value $109,568,000 after buying an extra 458,588 shares in the course of the interval. Goldman Sachs Group Inc. grew its holdings in Columbia Banking System by 19.5% in the course of the third quarter. Goldman Sachs Group Inc. now owns 2,782,593 shares of the monetary providers supplier’s inventory value $105,711,000 after buying an extra 453,962 shares in the course of the interval. Lastly, Victory Capital Administration Inc. grew its holdings in Columbia Banking System by 9.3% in the course of the third quarter. Victory Capital Administration Inc. now owns 2,547,074 shares of the monetary providers supplier’s inventory value $96,763,000 after buying an extra 215,749 shares in the course of the interval. 84.11% of the inventory is at present owned by institutional traders and hedge funds.
About Columbia Banking System (Get Ranking)
Columbia Banking System, Inc is a financial institution holding firm, which engages within the provision of economic providers. It makes a speciality of private, enterprise, and wealth administration. It gives checking and financial savings accounts, debit and bank cards, digital banking, private loans, house loans, international forex, skilled banking, treasury administration, service provider card providers, worldwide banking, monetary providers, non-public banking, and belief and funding providers.
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