Equities analysts anticipate that Columbia Banking System Inc (NASDAQ:COLB) will report $145.80 million in gross sales for the present quarter, Zacks reviews. Two analysts have issued estimates for Columbia Banking System’s earnings, with the bottom gross sales estimate coming in at $143.10 million and the best estimate coming in at $148.50 million. Columbia Banking System posted gross sales of $150.48 million in the identical quarter final yr, which suggests a adverse year-over-year progress fee of three.1%. The corporate is anticipated to announce its subsequent quarterly earnings report on Thursday, October 22nd.
On common, analysts anticipate that Columbia Banking System will report full yr gross sales of $589.15 million for the present fiscal yr, with estimates starting from $586.50 million to $591.80 million. For the following monetary yr, analysts anticipate that the corporate will report gross sales of $568.45 million, with estimates starting from $540.10 million to $596.80 million. Zacks Funding Analysis’s gross sales calculations are a mean based mostly on a survey of analysis analysts that that present protection for Columbia Banking System.
Columbia Banking System (NASDAQ:COLB) final issued its quarterly earnings outcomes on Thursday, July 23rd. The monetary providers supplier reported $zero.52 EPS for the quarter, beating analysts’ consensus estimates of $zero.25 by $zero.27. Columbia Banking System had a return on fairness of 6.72% and a web margin of 23.46%. The agency had income of $159.11 million in the course of the quarter, in comparison with the consensus estimate of $143.60 million. Throughout the identical quarter within the prior yr, the enterprise posted $zero.71 earnings per share.
Plenty of brokerages have issued reviews on COLB. BidaskClub lower Columbia Banking System from a “maintain” ranking to a “promote” ranking in a report on Thursday, August 20th. Zacks Investment Research raised shares of Columbia Banking System from a “promote” ranking to a “maintain” ranking in a report on Monday, August third. Lastly, Piper Sandler assumed protection on shares of Columbia Banking System in a analysis notice on Tuesday, June 16th. They set a “purchase” ranking and a $35.00 worth goal on the inventory. One analyst has rated the inventory with a promote ranking, 4 have issued a maintain ranking and one has issued a purchase ranking to the inventory. Columbia Banking System at the moment has a consensus ranking of “Maintain” and a mean worth goal of $36.75.
Columbia Banking System stock opened at $28.18 on Monday. The inventory has a 50 day transferring common of $29.08 and a 200-day transferring common of $28.20. The corporate has a present ratio of zero.82, a fast ratio of zero.82 and a debt-to-equity ratio of zero.07. The inventory has a market cap of $2.02 billion, a P/E ratio of 13.68 and a beta of zero.99. Columbia Banking System has a 52 week low of $19.11 and a 52 week excessive of $41.40.
The agency additionally not too long ago declared a quarterly dividend, which was paid on Wednesday, August 19th. Buyers of document on Wednesday, August fifth have been issued a $zero.28 dividend. The ex-dividend date was Tuesday, August 4th. This represents a $1.12 dividend on an annualized foundation and a dividend yield of three.97%. Columbia Banking System’s dividend payout ratio is 41.79%.
In different Columbia Banking System information, EVP Andy Mcdonald offered three,zero73 shares of the inventory in a transaction dated Monday, August 10th. The shares have been offered at a mean worth of $30.90, for a complete transaction of $94,955.70. Following the sale, the manager vp now owns 39,813 shares of the corporate’s inventory, valued at roughly $1,230,221.70. The sale was disclosed in a authorized submitting with the SEC, which might be accessed by this hyperlink. zero.62% of the inventory is owned by company insiders.
Hedge funds have not too long ago purchased and offered shares of the inventory. State Road Corp boosted its place in Columbia Banking System by 5.zero% within the 1st quarter. State Road Corp now owns 2,756,466 shares of the monetary providers supplier’s inventory valued at $73,873,00zero after shopping for an extra 130,954 shares over the last quarter. Victory Capital Administration Inc. raised its place in shares of Columbia Banking System by 7.9% in the course of the second quarter. Victory Capital Administration Inc. now owns 2,zero19,859 shares of the monetary providers supplier’s inventory price $57,253,00zero after buying an extra 147,191 shares over the last quarter. Financial institution of New York Mellon Corp lifted its stake in shares of Columbia Banking System by 11.2% in the course of the second quarter. Financial institution of New York Mellon Corp now owns 1,758,647 shares of the monetary providers supplier’s inventory valued at $49,848,00zero after buying an extra 177,478 shares in the course of the interval. Geode Capital Administration LLC boosted its holdings in Columbia Banking System by 5.5% within the first quarter. Geode Capital Administration LLC now owns 1,056,379 shares of the monetary providers supplier’s inventory valued at $28,310,00zero after buying an extra 54,750 shares over the last quarter. Lastly, Neumeier Poma Funding Counsel LLC elevated its place in Columbia Banking System by 6.9% within the first quarter. Neumeier Poma Funding Counsel LLC now owns 816,015 shares of the monetary providers supplier’s inventory price $21,869,00zero after buying an extra 52,550 shares in the course of the interval. Hedge funds and different institutional traders personal 92.11% of the corporate’s inventory.
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 provides private banking services and products, together with noninterest and interest-bearing checking, saving, cash market, and certificates of deposit accounts; residence mortgages for purchases and refinances, residence fairness loans and contours of credit score, and private loans; debit and bank cards; and digital banking providers.
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