Columbia Banking System (NASDAQ:COLB) was upgraded by equities researchers at ValuEngine from a “promote” score to a “maintain” score in a analysis report issued to purchasers and traders on Tuesday, October 29th, ValuEngine reviews.
Different equities analysts additionally just lately issued reviews concerning the firm. BidaskClub raised Columbia Banking System from a “maintain” score to a “purchase” score in a analysis report on Wednesday, October 23rd. Stephens reissued a “maintain” score and issued a $38.00 goal worth on shares of Columbia Banking System in a analysis report on Thursday, October 24th. Royal Financial institution of Canada set a $40.00 goal worth on Columbia Banking System and gave the corporate a “maintain” score in a analysis report on Friday, October 25th. Lastly, Zacks Investment Research downgraded Columbia Banking System from a “maintain” score to a “promote” score in a analysis report on Monday, October 28th. One analyst has rated the inventory with a promote score, 4 have issued a maintain score and one has issued a purchase score to the corporate. The inventory at present has a consensus score of “Maintain” and a mean worth goal of $38.67.
Shares of COLB stock traded down $zero.05 throughout buying and selling hours on Tuesday, reaching $39.21. 128,100 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of 303,129. The inventory’s 50 day shifting common is $38.31 and its 200-day shifting common is $36.32. The corporate has a market cap of $2.88 billion, a price-to-earnings ratio of 15.87 and a beta of 1.08. The corporate has a present ratio of zero.83, a fast ratio of zero.83 and a debt-to-equity ratio of zero.23. Columbia Banking System has a fifty-two week low of $30.65 and a fifty-two week excessive of $41.05.
Columbia Banking System (NASDAQ:COLB) final issued its quarterly earnings outcomes on Thursday, October 24th. The monetary providers supplier reported $zero.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $zero.61 by $zero.09. The enterprise had income of $150.48 million for the quarter, in comparison with the consensus estimate of $146.70 million. Columbia Banking System had a return on fairness of 9.21% and a internet margin of 31.02%. Throughout the identical interval within the prior 12 months, the agency posted $zero.63 earnings per share. Equities analysts anticipate that Columbia Banking System will publish 2.64 EPS for the present 12 months.
In different Columbia Banking System information, EVP David C. Lawson offered 1,164 shares of the corporate’s inventory in a transaction on Tuesday, October 29th. The shares have been offered at a mean worth of $39.95, for a complete worth of $46,501.80. Following the sale, the manager vice chairman now immediately owns 16,544 shares of the corporate’s inventory, valued at $660,932.80. The transaction was disclosed in a submitting with the SEC, which is obtainable by the SEC website. zero.92% of the inventory is at present owned by company insiders.
A number of hedge funds have just lately purchased and offered shares of the corporate. AMG Nationwide Belief Financial institution boosted its stake in shares of Columbia Banking System by four.7% through the third quarter. AMG Nationwide Belief Financial institution now owns 25,206 shares of the monetary providers supplier’s inventory price $930,00zero after buying an extra 1,123 shares within the final quarter. Eagle Asset Administration Inc. boosted its stake in shares of Columbia Banking System by 7.three% through the third quarter. Eagle Asset Administration Inc. now owns 503,989 shares of the monetary providers supplier’s inventory price $18,597,00zero after buying an extra 34,313 shares within the final quarter. Alps Advisors Inc. bought a brand new stake in shares of Columbia Banking System through the third quarter price about $362,00zero. First Nationwide Financial institution of Omaha lifted its stake in Columbia Banking System by three.three% within the third quarter. First Nationwide Financial institution of Omaha now owns 32,820 shares of the monetary providers supplier’s inventory valued at $1,211,00zero after shopping for an extra 1,044 shares within the final quarter. Lastly, Teton Advisors Inc. lifted its stake in Columbia Banking System by 19.6% within the third quarter. Teton Advisors Inc. now owns 17,701 shares of the monetary providers supplier’s inventory valued at $653,00zero after shopping for an extra 2,900 shares within the final quarter. 89.95% of the inventory is at present owned by institutional traders and hedge funds.
About Columbia Banking System
Columbia Banking System, Inc operates because the financial institution holding firm for Columbia State Financial institution that gives a variety of banking providers to small and medium-sized companies, professionals, and people in Washington, Oregon, and Idaho. It gives private banking services and products, together with noninterest and interest-bearing checking, saving, cash market, and certificates of deposit accounts; house mortgages for purchases and refinances, house fairness loans and features of credit score, and private loans; debit and bank cards; and digital banking providers.
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To view ValuEngine’s full report, go to ValuEngine’s official website.
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