Columbia Banking System, Inc. (NASDAQ:COLB) Receives $30.38 Consensus Target Price from Brokerages

Shares of Columbia Banking System, Inc. (NASDAQ:COLB) have earned a consensus rating of “Hold” from the thirteen analysts that are covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $30.38.

Several research firms recently commented on COLB. Citigroup reduced their price target on shares of Columbia Banking System from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company upgraded Columbia Banking System from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $33.00 to $35.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods decreased their target price on Columbia Banking System from $34.00 to $33.00 and set a “market perform” rating for the company in a research report on Friday, January 24th. Stephens dropped their price target on Columbia Banking System from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Finally, UBS Group began coverage on Columbia Banking System in a research note on Tuesday, December 17th. They set a “neutral” rating and a $32.00 price target on the stock.

Institutional Trading of Columbia Banking System

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in Columbia Banking System during the 3rd quarter valued at about $288,000. Nordea Investment Management AB increased its holdings in shares of Columbia Banking System by 82.0% during the fourth quarter. Nordea Investment Management AB now owns 391,286 shares of the financial services provider’s stock valued at $10,592,000 after acquiring an additional 176,334 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Columbia Banking System by 15.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 716,673 shares of the financial services provider’s stock valued at $18,712,000 after purchasing an additional 97,498 shares during the last quarter. Pathstone Holdings LLC boosted its stake in Columbia Banking System by 45.7% in the 3rd quarter. Pathstone Holdings LLC now owns 120,888 shares of the financial services provider’s stock worth $3,156,000 after purchasing an additional 37,941 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Columbia Banking System by 439.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 79,877 shares of the financial services provider’s stock worth $2,086,000 after purchasing an additional 65,072 shares during the last quarter. Hedge funds and other institutional investors own 92.53% of the company’s stock.

Columbia Banking System Trading Up 0.2 %

Shares of NASDAQ:COLB opened at $26.73 on Monday. Columbia Banking System has a 12 month low of $17.08 and a 12 month high of $32.85. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 10.52 and a beta of 0.66. The firm’s 50-day moving average is $27.51 and its 200 day moving average is $27.38.

Columbia Banking System (NASDAQ:COLB) last issued its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.06. Columbia Banking System had a return on equity of 11.21% and a net margin of 17.99%. As a group, equities analysts forecast that Columbia Banking System will post 2.71 EPS for the current fiscal year.

Columbia Banking System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.36 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.44 annualized dividend and a yield of 5.39%. Columbia Banking System’s dividend payout ratio (DPR) is 56.69%.

Columbia Banking System Company Profile

Columbia Banking System, Inc operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions.