News articles about Columbia Banking System (NASDAQ:COLB) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Columbia Banking System earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.3791284969927 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- COLUMBIA BANKING SYSTEM INC : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Columbia Banking System (COLB) Announces Clint Stein as New EVP & COO (streetinsider.com)
- Columbia Bank promotes CFO Clint Stein to chief operating officer (bizjournals.com)
- Columbia Banking System Appoints Clint Stein Executive Vice President and Chief Operating Officer (finance.yahoo.com)
- Columbia Banking System Announces Second Quarter 2017 Earnings Release and Conference Call Date (finance.yahoo.com)
COLB has been the topic of a number of analyst reports. Zacks Investment Research raised Columbia Banking System from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Monday, March 20th. Piper Jaffray Companies lowered their target price on Columbia Banking System from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Monday, April 17th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $44.00 target price on shares of Columbia Banking System in a research note on Tuesday, May 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $44.00 target price on shares of Columbia Banking System in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Columbia Banking System currently has an average rating of “Hold” and an average target price of $43.80.
Shares of Columbia Banking System (NASDAQ COLB) traded down 0.41% during midday trading on Tuesday, hitting $39.19. The stock had a trading volume of 145,186 shares. The company has a market capitalization of $2.29 billion, a PE ratio of 20.20 and a beta of 1.22. The firm’s 50-day moving average is $38.91 and its 200 day moving average is $40.09. Columbia Banking System has a one year low of $28.51 and a one year high of $45.68.
Columbia Banking System (NASDAQ:COLB) last posted its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.50. The business had revenue of $111.53 million during the quarter, compared to the consensus estimate of $110.72 million. Columbia Banking System had a return on equity of 8.90% and a net margin of 25.82%. During the same period last year, the company earned $0.40 earnings per share. Equities analysts expect that Columbia Banking System will post $2.04 earnings per share for the current fiscal year.
In related news, CFO Clint Stein sold 8,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $40.09, for a total transaction of $320,720.00. Following the completion of the transaction, the chief financial officer now directly owns 22,877 shares in the company, valued at $917,138.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.23% of the stock is currently owned by company insiders.
About Columbia Banking System
Columbia Banking System, Inc (Columbia) is a bank holding company for Columbia State Bank (the Bank) and Columbia Trust Company (Columbia Trust). The Company provides a range of banking services to small and medium-sized businesses, professionals and individuals. It offers products and services, which include Personal Banking, Business Banking and Wealth Management.
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